A credit purchase of N200 from Osae was posted to the acc...
A credit purchase of N200 from Osae was posted to the account of Osei. This is an error of
Principle
Commission
Omission
Original entry
Correct answer is B
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
During the year ended 31st December 2001, Nuju Enterprises paid rent as follows: Jan. 20, N2...
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The gross profit is ...
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A total of D 9,160 was entered in the sales account as D9,610. To correct this error: debit ...
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.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7 800.............
Which of the following is entered in the general journal? ...
When shares are sold at less than the nominal value, it means they are issued at ...