Capital expenditure is

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Recurrent expenditure is

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Which of the following is an advantage of the imprest system?

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A merchant paid ₦180,000 on rent for 18 months bu charged ₦120,00 0 to profit and loss account for the year. The concept applied is

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An approach for discovering missing figures in incomplete records is the use of

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When provision is made for doubtful doubt, the accounting entries are

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In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are

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Which of the following is not a subsidiary book?

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The cost of goods sold is

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The net profit is

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The gross profit is

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Which of the following s not part of cost of production?

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