The principal of double entry book-keeping is that
Every debtor must have a creditor
Every account debited must be immediately credited
For every debit there must be a corresponding credit
For every double debit, threre must be a double credit
For every item there must be a double entry
Correct answer is C
No explanation has been provided for this answer.
i
ii
iii
i and ii
i and iii
Correct answer is D
No explanation has been provided for this answer.
N60 credit, N100 credit
N60 credit, N100 debit
N60 debit, N100 debit
N61 debit, N100 credit
N160 credit, N60 credit
Correct answer is B
No explanation has been provided for this answer.
Which of the following errors affects the trial balance?
Commission
Omission
Principle
Original entry
Lone entry
Correct answer is E
No explanation has been provided for this answer.
N940
N1,460
N2,040
N3,060
N3,600
Correct answer is B
No explanation has been provided for this answer.