The main objective of bookkeeping is to record economic?
Transactions systematically for routine managerial decision-making
Events clearly to ensure adequate checks and balances
Events clearly to facilitate strategic managerial desicion-making
Transaction systematically to ascertain the financial position of a business
Correct answer is D
No explanation has been provided for this answer.
What is the gross profit margin?
N100%
N50%
N40%
N30%
Correct answer is B
No explanation has been provided for this answer.
N12,500
N10,000
N8,000
N7,500
Correct answer is C
No explanation has been provided for this answer.
In order to make the cash book balance equal to the bank statement, it is usual to add?
Uncredited cheques
Direct payments by bank
Bank charges
Unprecedented cheques
Correct answer is D
No explanation has been provided for this answer.
Debtor's account and credit provision for bad debt
Bad debt account and credit debtor's account
Debtor's account credit bad debt
Provision for bad debt account and credit debtor's account
Correct answer is B
No explanation has been provided for this answer.