The assumption that a business has perpetual existence is recognized by

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In single entry and incomplete records, the net assets method used to ascertain profit is

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The cost price of a book is Le 9,000 and the selling price is Le 12,000. The mark up s

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Items on the left-hand side of a total debtors account are debits in the

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Which of the following is not a cause of depreciation?

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The rent receivable accrued as at 31st December 2005 is shown in the balance sheet as

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The entry for rent received in the profit and loss account for the year ended 31st December 2005 is

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The balance as per bank statement is

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The adjusted balance as per cash book is

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The profit of sole trader increases his

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The total of the discounts is transferred to

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The total of the discount from creditors is transferred to

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