Which of the following items is found in the sales ledger...
Which of the following items is found in the sales ledger control account?
Discount received
Total credit purchases
Discount allowed
Returns outwards
Correct answer is C
A discount allowed is when the seller of goods or services grants a payment discount to a buyer. Discount allowed has to do with purchases
The tier of government that uses financial memorandum ...
Given: Club trading profit N12,000 Members' subscription N15,000 Profit on sale of fixed asse...
The chief accounting officer of a local government is the? ...
Which of the following is not a characteristic of a computer? ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} &am...
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partn...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...