A proprietor withdraws cash from the business for private use, he

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Bought motor vehicle ₦60 paying by cheque. The effect of the transaction will be

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Majority of commercial transactions are termed credit transactions, which means

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One of these is not a similarity between Joint Venture and Partnership.

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The method of stock valuation in which the issue price is obtained by dividing the value of stock in hand by unit of stock in hand is

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Accounting standards are issued at the International level by the

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The importance of bank statement is all except

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The drawings for the period stand at

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The two recognised accounting bases are

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Every economic unit, regardless of its legal form of existence, that is treated as a separate entity from parties having economic interest is

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The net profit for departmental A is

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The cost of goods for department B is

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