One of the limitations of accounting is that
...One of the limitations of accounting is that
It ascertain financial position
It prevent fraud
Transactions are recorded in monetary terms
It monitor the progress of the enterprise
Correct answer is C
In accounting, all transactions are recorded in monetary terms. There is no other terms of recording transactions except monetary terms.
An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo...
A reduction n price to encourage prompt payment is........ ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques rece...
Advertising expenses incurred on a product in a business organization should be charged to ...
Deferred charges are also known as ...
Use the following to answer the given question DEBTORS CONTROL ACCOUNT: \(\begin{array}{c|c} &...