Accounts - Principles of Accounts Questions
Question 1901:
Sale of goods for N600 to Ade was not posted, This is an error of
- A Omission
- B Commission
- C Principle
- D Compensation
Question 1903:
The accounting equation is
- A Capital less current assets amounts to Liabilities
- B Assets less liabilities amount to capital
- C Fixed assets and current Liabilities amount to capital
- D Capital assets amount t liabilities
Question 1904:
The accounting equation is
- A Capital less current assets amounts to Liabilities
- B Assets less liabilities amount to capital
- C Fixed assets and current Liabilities amount to capital
- D Capital assets amount t liabilities
Question 1905:
The source document sent by the seller to the buyer when goods are returned is
- A Credit note
- B Purchase invoice
- C Sales invoice
- D Debit invoice