Use the following to answer the given question Closing creditors figure is A ₦115,500 B ₦110,000 C ₦95,500 D ₦44,500 Answer is D
Use the following to answer the given question Closing debtors figure is A ₦140,000 B ₦134,500 C ₦80,000 D ₦69,000 Answer is D
Which of the following is not an instrument for controlling public expenditure? A constitution B financial regulation C budget D memorandum Answer is D
Which of the following is a norminal account? A bank account B cash account C sales account D stock account Answer is C
Trade creditors personal accounts are found in the A purchases ledger B sales ledger C general ledger D sales day book Answer is A
Which of the following is a storage device? A diskette B key board C printer D monitor Answer is A
The practice of identifying with one constant approach where a number of approach exist for solving an accounting problem is the convention of A conservatism B consistency C prudence D materiality Answer is B
Repairs to air conditioners was debited to office equipment account. This is an error of A principle B commission C original entry D compensation Answer is A
Carriage inwards is posted to A trading account B profit and loss account C appropriate account D balance sheet Answer is A
The entries to record goods bought for cash are: debit A cash account; credit purchases account B purchases account ; credit cash account C purchases account; credit stock account D purchases account; credit goods account Answer is B
Henik Plc has departments A and B and has made the following information available concerning its operations; Rent apportioned to Department B is A ₦4,000 B ₦3,600 C ₦2,000 D ₦1,600 Answer is A
Henik Plc has departments A and B and has made the following information available concerning its operations; How much commission was apportioned to Department a? A ₦9,600 B ₦3,600 C ₦2,000 D ₦1,600 Answer is C