Current liability
Current asset
Long term liability
Fixes asset
Correct answer is A
No explanation has been provided for this answer.
N2,000
N1,700
N1,400
N1,300
Correct answer is A
No explanation has been provided for this answer.
When a buyer is undercharged, the seller forwards
A debit note
A credit note
An undercast note
A payment receipt
Correct answer is A
No explanation has been provided for this answer.
Prepaid rent of N650 had been recorded as N560. This is an error of
Commission
Principle
Compensation
Original entry
Correct answer is D
No explanation has been provided for this answer.
Gross Profit of a business is the
Excess of sales over all the trading expenses
Difference between sales and purchases
Excess of sales over the cost of goods sold
Difference between discounts received and discount allowed
Correct answer is C
No explanation has been provided for this answer.