In the final account of a limited liability company, debe...
In the final account of a limited liability company, debenture interest paid is recorded in the
capital account
profit and loss account
trading account
current account
Correct answer is B
Debenture interest is recorded on the debit side of the profit and loss account.
Apart from the common control accounts, a control account can also be opened for? ...
The art of collecting, recording, presenting and interpreting accounting data is ...
The sales ledger control account is also referred to as ...
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...