The equivalent of a club’s Receipt and payment account is

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The term bad debts means debts

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A trial balance is a proof of accuracy of

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Cash stolen from branch-taking s is recorded in the Head Office books by debiting

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Mark-up on goods sent to branch offices are recorded in the books by creating

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A share is under-subscribed when

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shares are sold at less than nominal value. They are issued at a

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An excess of the value of the assets over the purchases consideration for acquisition of business is credited to

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Payment for future services are

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Which of the following is a credit item on an income and expenditure account?

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Which of the following is not contained in the sales ledger control account?

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Return inwards was understated. The effect is that

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