Commission received is entered on the
Credit side of the profit and loss account
Credit side of the trading account
Credit side of the cash book
Debit side of the profit and loss account
Debit side of the trading account
Correct answer is A
No explanation has been provided for this answer.
The salary of a shop keeper who sells goods would be charged in the
Balance sheet
Sales account
Profit and loss account
Trading account
Manufacturing account
Correct answer is D
No explanation has been provided for this answer.
N3,186
N2,255
N2,175
N2,055
N1,935
Correct answer is B
No explanation has been provided for this answer.
N3,186
N2,866
N2,255
N2,175
N1,935
Correct answer is E
No explanation has been provided for this answer.
A balance of N102 on waged account was transferred as N120. This is error of
Transposition
Omission
Principle
Original entry
Compensation
Correct answer is A
No explanation has been provided for this answer.