Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that

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The concept of Double Entry Book-Keeping states that

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The balance the provision for depreciation account is shown in the

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Discount allowed would appear on the

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The balance in the purchases ledger control account is

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Which of the following show s the stock at the start of an accounting period?

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A business marked up its cost by 50%. This would mean a gross profit of

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The drawings account of a sole proprietorship is transferred to the

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Which of the following would be posted to the proprietor’s capital account?

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A sales for N2,570 was recorded in the day book as N2,750. The error committed was

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A cheque for N400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is

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Which of the following accounts belongs to the private ledger?

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