Credit note
Debit note
Journal voucher
Way bill
Correct answer is A
No explanation has been provided for this answer.
I, II and III only
I, II and IV only
I, III and IV only
II, III and IV only
Correct answer is C
No explanation has been provided for this answer.
Classifying accounts in the ledger
Testing arithmetical accuracies of the ledger account balances
Identifying the balance sheet items
Providing a basis for establishing the accountant's competence
Correct answer is B
No explanation has been provided for this answer.
One major advantage of ledger is that it
Is a book of original entry
Is only accessible to share holders during liquidation
Removes the need for preparing a balance sheet after each transaction
Can be used by any type of business
Correct answer is D
No explanation has been provided for this answer.
Cash account was credited with N500,000 and capital account was debited with N500,000
Bank account was debited with N500,000 and capital account was credited with N500,000
Bank account was accredited with N500,000
Mr. diamond acount was debited with N500,000 and the cheque account was credited with N500,000
Correct answer is B
No explanation has been provided for this answer.