A disadvantage of single entry system of book-keeping is ...
A disadvantage of single entry system of book-keeping is that
The profit for the period is reduced
It is difficult to determine profit for the period
Total sales for the period is reduced
The owner of the firm withdraws money from the enterprise
Correct answer is B
No explanation has been provided for this answer.
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions...
Given: Furniture and fittings..................N20,000 Equipment...............................N...
Zahki Plc balance sheet (extract) as at 31st December 1997. ...
The partnership deed normally specifies? ...
Which of the following is not a source of revenue to a government? ...
The distinguishing feature between a two-column cash book is ...
The main objective of bookkeeping is to record economic? ...