Goods returned to branch by customers is recorded in the head office books be debiting?

Use the information below to answer the question Liabilities ₦ Assets ₦ Capital 40,000 Furnishing 10,000 Ceiling Fan 1,500 Cash in Hand 28,500 40,000 40,000 If at 31/1/95 the following information was ascertained (i). rent for shop #12,000 paid for …

When goodwill is not retained in the business, the entries in the new partners books will be to debit______________ A Goodwill account and credit partners capital account B Cash account and credit goodwill account C Goodwill account and credit cash …

The amount called in respect of a share but not paid before or on the date fixed for payment is referred to as: A Call in advance B call in arrears C forfeiture D shares Answer is B Call in …