2,360
2,280
2,200
1,600
Correct answer is C
No explanation has been provided for this answer.
The document used to correct an undercharge on an invoice is
Credit note
Debit note
Receipt
Voucher
Correct answer is B
No explanation has been provided for this answer.
The concept that recognizes revenue at the time of sale and not only when cash is received is
Cost concept
Realization concept
Accrual concept
Duality concept
Correct answer is B
No explanation has been provided for this answer.
An example of a nominal account is
Kofi and Ali Account
Plant and Machinery Account
Profit and loss account
Cash and bank account
Correct answer is C
No explanation has been provided for this answer.
Set-off is carried out in the control account when
A business organization is both a customer and a supplier
Customers refuse to pay their debts
The debtors settle their accounts
Customers cheques are dishonoured
Correct answer is B
No explanation has been provided for this answer.