Use the information below to answer question
N11,000
N11,200
N11,400
N11,300
Correct answer is A
No explanation has been provided for this answer.
Fatima withdraws goods from the business for personal use. the accounting treatment is to debit?
Stock account and credit profit and loss account
Drawings account and credit stock account
Profit and loss account and credit drawing account
Stock account and credit drawings account
Correct answer is B
No explanation has been provided for this answer.
The tier of government that uses financial memorandum is the?
Federal government
State government
Local government
Municipal government
Correct answer is C
No explanation has been provided for this answer.
The accounting method that reports incomes when earned and expenses when incurred is called?
Cash accounting
Commitment accounting
Fund accounting
Accrual accounting
Correct answer is D
No explanation has been provided for this answer.
Cash and credit debenture
Debenture and credit cash
Cash and credit capital
Capital and debit cash
Correct answer is B
No explanation has been provided for this answer.