Aduke Motors bought three Toyota Hilux vans on cash at the cost of #6,000,000, on debiting the vehicle account, the corresponding credit for the purchase will appear in the Posted on:
A cheque of #5,000 paid to Sulieman had been correctly entered in the cash book but had not been entered in Sulieman’s account. To correct this error, debit Sulieman’s account and credit Posted on:
The concept which states that revenue should be recognized at the point when the sale is deemed to have been made is Posted on:
