Income and expenditure account is more detailed than rece...
Income and expenditure account is more detailed than receipts and payments account because it disclosed
Cash
Cheques
Debtors
Stocks
Correct answer is C
The income and expenditure account unlike the receipts and payments takes records of accruals and prepayment
Receipts and payments accounts is the summary of ...
Given: Sales #180,000 Stock 1/1 # 25,000 Purchases #110,000 Sales returns # 1000 Purchases re...
The main objective of accounting report is to provide information about? ...
One of the limitations of accounting is that ...
Use the following information \(\begin{array}{c|c} & ₦\\ \hline\text{Opening capital} &am...
A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a ...