Accounts - Principles of Accounts Past Questions and Answers

Which of the following will not affect the agreement of the rial balance? i. compensating error ii. debiting an item instead of crediting it iii. making only a single entry

A balance of N102 on waged account was transferred as N120. This is error of

Carriage inwards is shown on the

Stock is N200 at start, and N320 at close purchases N2,055 and sales N3,189. Find the cost of goods sold

Stock is N200 at start, and N320 at close purchases N2,055 and sales N3,189. The value of goods available for sale will be