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Amount owed to creditors on 31/12/19 is
Payment to creditors is
An amount set aside out of profit for a specific purpose is a
The concept the enables a business to determine the actual profit or loss for a particular period is
Manufacturing account is prepared to determine the
Accounting information that is useful for the intended purpose and would make a difference in decision making is
Members of a not-for-profit making organization
Subsidiary books of account are used to record transactions
All cash transactions of a not-for-profit making organization are recorded in
Other operating expenses for the period is
Sales for the period is
A business includes 50% mark-up on all its products. This would mean margin of
The major source of revenue for central/federal government is
The value of goods sent to a branch is debited to the
The final stage of accounting process is
Commercial activities undertaken by a social club to raise funds include
The petty cash account has an imprest of GH¢36,000 and a debit balance of GH¢10,000 at the end of the month.The reimbursement required would be
Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit
The accounting principle of double entry states that
Recurrent expenditure of a local government include