The value of goods sent to a branch is debited to the
goods sent to branch account
branch debtors account
branch adjustment account
branch stock account
Correct answer is A
No explanation has been provided for this answer.
The final stage of accounting process is
Interpretation
Recording
Reporting
Summarising
Correct answer is C
No explanation has been provided for this answer.
Commercial activities undertaken by a social club to raise funds include
Donation
Bar
Grant
Subscription
Correct answer is B
No explanation has been provided for this answer.
GH¢46,000
GH¢36,000
GH¢26,000
GH¢10,000
Correct answer is C
No explanation has been provided for this answer.
Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit
Cash D2,500; credit Dongo D2,500
Dongo D2,500; credit cash D2,500
Bad debt D2,500; credit Dongo D2,500
Dongo D2,500; credit bad debt D2,500
Correct answer is B
No explanation has been provided for this answer.