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Recording of Tr...

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  • Question 1
    1 / -0

    The company has collected money from its debtors by cheque. What is the effect on assets and liabilities?

  • Question 2
    1 / -0

    Which of the following accounting equation is correct regarding assets?

  • Question 3
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    What are the benefits of preparing a voucher?

  • Question 4
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    The final balance of purchase book is debited to:

  • Question 5
    1 / -0

    Which document serves as evidence that an account belonging to a specific individual or entity has been debited for the reasons outlined in the document?

  • Question 6
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    Which voucher is prepared for the payment of salary, purchase of goods, payment made to any creditor?

  • Question 7
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    If the business's owner withdraws cash for his/her personal use what will be the effect on capital?

  • Question 8
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    Which of the following statements is correct about an invoice?

  • Question 9
    1 / -0

    In which of the following book credit sales of goods are recorded?

  • Question 10
    1 / -0

    Which financial statement reflects the accounting equation (Assets = Liabilities + Equity)?

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