Accounts - Principles of Accounts Past Questions and Answers

Use the following information to answer the given question. <br/>OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT <br/>\(\begin{array}{c|c} & D & & D \\ \text{Balance b/d} & 25,180 & \text{Discount allowed} & 1,936 \\ \text{Sales} & 43,220 & \text{Sales returns} & 1,884\\ \text{Dishonored cheque} & 542 & \text{Cash received from customers} & xxx \\ & & \text{Balance c\d} & 5,122 \\ & \overline{68,942} & & \overline{68,942} \end{array}\)<br/>the total cash received from customer is

The process of recording financial transactions of government is

The bank statement shows a debit balance of Le 475. After the entry of an uncredited of Le Le 800, the new balance is

The business entity concept

Which of the following is not used in Public accounting?