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If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of ...
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Accounts - Principles of Accounts Classroom
Jamb
Jamb 1999
Principles Of Double Entry
The Ledger And Its Classifications
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If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of Incorporation, the journal entry is to debit?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Preliminary expenses, credit cash accounts
B
Promoter, credit creditors' accounts
C
Lawyer's credit cash accounts
D
Cash , credit incorporation accounts
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Correct Answer:
Option A
Explanation:
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