The book used in recording goods previously sold to customers but were later returned by the buyer to the seller is Posted on:
From the following information, determine the purchase day book. On October 1, the company received good worth N33,750 from Lagos Ventures. Posted on:
A set of numbers and codes that defines each account head and also differentiate between classes of account is Posted on:
The money spent in an organization in order to generate income either now or in the future is Posted on:
Any transaction that is recorded twice in an account through a debit and a credit entry in the same account is called Posted on:
An important functions of accounting which shows expenses, assets, financial position at a given period of time is Posted on:
A subsidiary book which can conveniently cater for recording of special transaction like revaluation of asset is Posted on:
The principles upon which preparation of accounting records are based and which are generally accepted is Posted on:
