Which of the following is not an advantage of control acc...
Which of the following is not an advantage of control account?
difficulty in committing fraud
it can be used to detect missing figure C. helps to determine profit and loss
helps to determine profit and loss
helps in locating errors
Correct answer is A
The uses of control account are:
- location of errors
- prevention of fraud
- preparation of interim final account
- saves time
- easy detection of missing figures
Use the following information to answer the given question. \(\begin{array}{c|c} & ₦\\ \hli...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
The aggregate of amounts owed to a business by is customers is known as ...
What is the total income for the period? ...
The effect of overstating revenue expenditure in the profit and loss account is that the ...
Which of the following is a self-balancing account? ...
The cash realized from the sale of asset on dissolution of partnership is ...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...