Diamond Ringo business was started when Mr. Diamond brought in a cheque of N500,000, which was paid into the bank account. Which of the following entries properly records the transaction? Posted on:
Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure. Posted on:
Which of the following concept stipulates that accounting profit is the difference between revenue and expenses? Posted on:
The expenditure on a good or services which is consumed either immediately or within a current accounting period is called Posted on:
