Accounts - Principles of Accounts Past Questions and Answers

Use the information below to answer this question.
Jejelaye Plc stock records for 2009 was given below:
Jan 1 received 100 units at N1.00
Jan 8 received 260 units at N1.05
Jan 20 issued 700units at .........
Feb 3 received 400 units at N1.15
What will be the issued price of 700 units, using simple average method

Income and expenditure account is more detailed than receipts and payments account because it disclosed

Capital reserves includes the following except

Which of the following is not a feature of accounting information?

The accounting concepts which assumes that business will continue to be in existence into the foresee ablefure is