A real account is the account of
Expenses or losses
Gains or income
Physical tangible items
Fictitious items
Current liabilities
Correct answer is D
No explanation has been provided for this answer.
Sales Account, credit Branch Adjustment Account
Adjustment Accoutnt, credit Branch Stock Account
Stock Account, credit Branch Adjustment Account
Adjustment Account, credit Branch Profit and Loss Account
Profit and Lost Account, credit Branch Stock Account
Correct answer is C
No explanation has been provided for this answer.
N15,000
N9,000
N4,000
N3,000
N2,000
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a source document for recording sales?
Debit note
Credit note
Receipt
Sales journal
Invoice
Correct answer is D
No explanation has been provided for this answer.
A financial plan of action expressed in monetary terms is known as
Impurest
Consolidated fund
Warrant
Budget
Development fund
Correct answer is D
No explanation has been provided for this answer.