Which of the following show s the stock at the start of an accounting period?

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A business marked up its cost by 50%. This would mean a gross profit of

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The drawings account of a sole proprietorship is transferred to the

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Which of the following would be posted to the proprietor’s capital account?

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A sales for N2,570 was recorded in the day book as N2,750. The error committed was

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A cheque for N400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is

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Which of the following accounts belongs to the private ledger?

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Which of the following accounts belongs to the personal ledger?

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Which of the following may have been recorded in the cash book and fail to appear in the Bank statement?

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The petty cash book can have

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The sales account is written up from

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When goods are sold for cash the credit entry goes to the

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