“A business unit is assumed to operate into foreseeable future and earn reasonable net income”. This statement is emphasized by the concept of

Posted on:

Revenue is recognized in the profit and loss account as soon as a

Posted on:

Which of the following is not a debit item in a partnership appropriation account?

Posted on:

A customers who returns goods to the supplier because they are detective is issued a

Posted on:

Profit for the year before 5% interest on capital was D18,000. Jaiteh’s share of profit was

Posted on:

Profit for the year before 5% interest on capital was D18,000. Ebima’s share was

Posted on:

The unit which keeps government’s books of accounts is the

Posted on:

Bank reconciliation statement reconciles

Posted on:

Whatever is fed into the computer is exactly what would be processed and produced as output. This is the concept of

Posted on:

Which of the following is not a source of revenue to a government?

Posted on:

In company accounts, profit after tax is shared in the

Posted on:

Cross referencing among different books of accounts is achieved with the use of

Posted on: