Accounts - Principles of Accounts Past Questions and Answers

Which of the following is a debit entry in debtors control account?

Which of the following is not a debit item in a partnership appropriation account?

Use the following information <br/>\(\begin{array}{c|c} & ₦ \\\hline \text{Opening capital} & 60,000 \\ \text{Drawings} & 4,000\\ \text{Cost of sales} & 50,000\\ \text{General expenses} & 7,000 \\ \text{Mark-up} & \text{50%} \end{array}\)<br/>Net profit is

Use the following information <br/>\(\begin{array}{c|c} & ₦\\ \hline\text{Opening capital} & 60,000\\ \text{Drawings} & 4,000\\ \text{Cost of sales} & 50,000\\ \text{General expenses} & 7,000 \\ \text{Mark-up} & \text{50%} \end{array}\)<br/>Closing capital is

Which of the following is not a debit item in partners appropriation account?