Which of the following concepts recognizes the principle ...
Which of the following concepts recognizes the principle of double entry?
Business entity
Accrual
Going concern
Dual aspect
Correct answer is D
Dual aspect concept ensures the mathematical accuracy of all records. It states that there are two aspects of accounting: one debit and one credit.
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
The objective of departmental account is to ...
The total share capital which a company would be allowed to issue is known as ...
Use the information to answer the given question. RECEIPTS AND PAYMENTS ACCOUNT: \(\begin{array}{...
Which of the following is debited to partner's current account? ...
The mark-up on a product is 2/3. The margin is ...
The purpose of the trading account is to ascertain ...
Mayana Corporation uses special journals to record its transactions. If one of Mayana's customer...