An organization which has records of only personal accoun...
An organization which has records of only personal accounts is said to be operating on the basis of
Single entry
Real accounts
Nominal accounts
Double entry
Correct answer is A
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
The most important reason for studying accounting is that ...
Keme and Kemi are in partnership sharing profit and losses in the ratio 3:2. Capital - Keme.........
The difference in the sales ledger control account is transferred to the? ...
Purchasers ledger control account can also be referred to as ...
Given: Liabilities..............N23,700 Current assets...........N20,300 Fixed assets...............
The error that affects the agreement of a trial balance totals is ...
Turaki Youth Club Income and Expenditure for the year ended 31/12/04 N N Bal.b/d 3...