Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit?
Cash and credit stationery
Purchase and credit stationery
Stationery and credit cash
Stationery and credit purchases
Correct answer is C
No explanation has been provided for this answer.
N64,300
N46,825
N41,850
N33,325
Correct answer is D
No explanation has been provided for this answer.
One basic assumption of the double entry theory is that it allows?
Two credit entries at the same time
Two debit entries at the same time
Debit and credit two credit entries at the same time
Debit and credit two credit entries in corresponding account
Correct answer is D
No explanation has been provided for this answer.
A financial analyst needs accounting information to?
Maintain the production section of the business
Know why transactions cause increase and decreases in assets
Advise on how to manage the business
Know how to record transaction in T account
Correct answer is C
No explanation has been provided for this answer.
Conservatism
Historical
Monetary
Cost
Correct answer is A
No explanation has been provided for this answer.