Subscription in advance is treated in the balance sheet a...
Subscription in advance is treated in the balance sheet as a
Current asset
Current liability
Fixed asset
Long term liability
Correct answer is B
Current assets are assets of the company that can be easily converted to cash when needed
current liability: this is the liability owned to outsiders but still enjoying its benefit within a year e.g creditors, wages in arrears
Goodwill appears in the books of a business only if it has been ...
An amount set aside to meet expenses whose value is not certain is a ...
Returns inwards is also called ...
Goods purchased for N92 was entered in the books as N29. This is an error of ...
Which of the following accounting records are source documents? ...
Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Ca...
Determine the owners equity ...
Equity shareholders' fund is ...
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120...