Which of the following is prepared to ascertain the trade...
Which of the following is prepared to ascertain the trader's capital under incomplete records?
Statement of affairs
Statement of capital and liabilites
Statement of complete records
Income statement
Correct answer is A
The statement of affairs is prepared to ascertain both the opening and closing capital of the business. The statement of affairs is smiliar to the balance sheet.
The excess of the par value of a company's shares over the amount for what for which they are is...
The following information were extracted from the books of Miliki state Sinking ...
Which of the following is source of document for the preparation of debtors' ledger account? ...
The capital of a sole trader can be increased by ...
A book that contains individual accounts of suppliers is the ...
Which of the following in a classified form contains a permanent record of all transactions? The ...
Provision is made in the accounts when the amount involved in the anticipated loss is ...
i) Fixtures account (ii) Machinery account (iii) Wages accounts (iv) Rent account. Which of ...