The similarities between Receipts and payments and income...
The similarities between Receipts and payments and income and expenditure account is
Both accounts follows the principle of double entry
They are summaries of financial statements
Both include capital items
Both are prepared by non-profit making concern
Correct answer is C
The receipts and payment accounts include both capital and revenue items while income and expenditure account include only revenue items.
Goods can be charged to branches using any of these pricing methods except ...
Patient and trade marks are classified under ...
Goods withdraw from business for private use are credited to? ...
Carriage inward expenses of a business is treated in ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
Given: Direct material N2,500 Direct labour N5,000 Direct expenses N1,000 Overhead expenses N1,5...
Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...
Which of the following item is found on the credit side of the sales ledger control account? ...