An efficiently managed book keeping system helps in determining all of the following EXCEPT Posted on:
Only material transactions are recorded in the book of account. This is asserted by convention Posted on:
Rules and standards made to enable proper understanding of financial information are called Posted on:
Bundul started business with N150,000 in Bank. Indicated which account to be debited and which to be credited Posted on:
Separate transactions and financial records should be kept for the business and the owners. This idea has been reinforced by concept Posted on:
