The price paid for the purchase of a business is
Credited to cash accounted to cash account and debited to vendor's account
Debited to cash account and credited to Vendor's Account
Debited to business purchase Account and credited to Asset Account
Credited to cash Account and debited to Asset Account
Correct answer is A
No explanation has been provided for this answer.
Into how many types can general purpose computers be classified?
Three
Four
Five
Six
Correct answer is A
No explanation has been provided for this answer.
The amount for which a business is sold is
Purchase consideration
Premium
Capital reserve
Goodwill
Correct answer is A
No explanation has been provided for this answer.
On pro-rate
At discount
At par
At premium
Correct answer is A
No explanation has been provided for this answer.
The document authorising an officer to incur expenditure is known as
Virement
Budget
Warrant
Vote
Correct answer is C
No explanation has been provided for this answer.