Accounts - Principles of Accounts Past Questions and Answers

The purchases of a typewriter for the office was debited to purchases account. This is an error of

Which of the following is not a book of prime entry?

Adex Company Limited issued ordinary shares N1 each to the public at N1.20. The statement were issued at

A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How much is charges to the profit and loss account for 1990?

A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How much is carried in the Balance Sheet at 31st December 1990?