The following appears in the trading account except
...The following appears in the trading account except
Carriage inward
Opening stock
Carriage outward
Sales
Correct answer is C
Carriage outward is an expenses and it does not appear in the trading account but appears in the profit and loss account.
When a new partner is admitted to a partnership, there is a need to revalue the? ...
Cash purchase - D29,641 Creditors 1/1/14 - D2,473 Creditors 31/12/14 - D3,117 Cash paid to credit...
Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 ...
Which of the following expresses the accounting equation? ...
The use of the folio in the ledger is for ...
Given: Prepaid b/f.......................N10?000 Cash paid during the year.........N20,000 The ...
Cash discount is often recorded on? ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...