What are the entries of posting credit purchases into the...
What are the entries of posting credit purchases into the purchases ledger control account?
Debt purchases ledger control account only
Debit both purchases account and purchases ledger control account
Credit purchases acount, debit purcases ledger control account
Credit both purchases ledger control account and the purchases account
Debit purchases account, credit purchases ladger control account
Correct answer is E
No explanation has been provided for this answer.
Wages accrued is shown in the balance sheet as ...
₦ Manufacturing wages 42000 ...
Which of the following is the basis of accounting in public service? ...
The amount by which assets exceed specific liabilities is called ...
Which of the following is a credit item in an income and expenditure account? ...
In a not-for-profit making organization, the cash book is summarized in the form of ...
The balance on the sales ledger control account at the end of the accounting year represents a ...