In a control account, provision for bad debts is found on the
Credit side of the sales ledger control account
Debit side of the purchases ledger control account
Debit side of the sales ledger control account
Credit side of the purchases ledger control account
Correct answer is A
No explanation has been provided for this answer.
Calculate the cost of goods sold
₦3,925
₦3,250
₦2,985
₦2,575
Correct answer is C
No explanation has been provided for this answer.
From the above, which of the following is delivered to the registrar of companies for incorporation?
i, ii and iii
i and ii
i and iii
ii and iii
Correct answer is A
No explanation has been provided for this answer.
The major objectives of departmental account is to ascertain the
Materials sold in each department
Insurance premium payable on employees
Number of employees in each department
Contribution of each department to profit
Correct answer is D
No explanation has been provided for this answer.