Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure. Posted on:
Which of the following concept stipulates that accounting profit is the difference between revenue and expenses? Posted on:
The purchase of a typewriter for office use was debited to purchases Account. This is an error of Posted on:
Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to profit and loss account as provision for the year was Posted on:
Which of the following errors would affect the agreement of the agreement of the trial balance totals? Posted on: