The concept that states that a business should not lay claim to any profits before it is earned with reasonable certainty is Posted on:
In a not-for-profit making organization, when the total income is less than the total expenditure, the difference is a Posted on:
A petty cash account has an imprest of D28,000. The account has a debit balance of D5,000. How much cash is needed to restore the imprest? Posted on:
The accounting concept underlying the treatment of personal expenses of the business owner as drawing is Posted on:
Which of the following accounts would appear in the nominal ledger? i. Sanison’s account(a debtor) ii. Motor vehicle account iii. Sales account iv. Rent and rates account Posted on:
