The trader's capital in a single entry system is asce...
The trader's capital in a single entry system is ascertained by preparing
Gross profit
Statement of affairs
Suspense account
Appropriation account
Correct answer is B
A Statement of Affairs is a document detailing a company's assets and liabilities. Generally prepared by a liquidator or appointed professional during certain insolvency proceedings, the document is later registered at Companies House, where it becomes available for public view.
As evidence of payment to a government ministry, the revenue collector issue ...
When a business is purchased, the double entries required in the purchaser's book are debit, ...
Which of the following is an example of Personal Accounts? ...
Which of the following is not an external user of accounting information? ...
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...
Which of the following is found on the credit side of a partnership's appropriation of profit ac...
The budget statement presented to the legislature by the Chief Executive is called? ...