Which of the following is not an example of capital reserve?

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The concept which deals with the exclusion of trivial items in the accounting records is

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A debenture is

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OGOGO’S SALES LEDGER LEDGER CONTROL ACCOUNT – Net sales is

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the total cash received from customer is

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Cost of production is

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Net sales for the period is

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Which of the following is not a purpose for which share premium may be utilized?

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The first calculating machine in data processing was

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The going concern concept assumes that

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The total value received by company as consideration for shares issued constitutes

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John received a cheque from Dawda, a debtor, in payment for goods purchased by Dawda on credit. The transaction will be recorded in john’s

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