Accounting S.S.1

Accounting (S.S.1)

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1 / 10

Money received from a customer is recorded in the customer’s account and bank account; The accounting concept applied is _________

2 / 10

Carriage inwards is charged to:

3 / 10

“Accountant do not count their chicken before they are hatched,” this is the concept of

4 / 10

A trade discount is a:

5 / 10

Which of the following is not an accounting concept?

6 / 10

_________ represents a reduction in the price of goods given to special classes of customers

7 / 10

Joseph returned goods worth ₦2,800 to Patrick. Joseph receives a:

8 / 10

A subsidiary book is a:

9 / 10

The accounting concepts that supports the application of double entry book-keeping is _________

10 / 10

Which of the following is not a source document for recording sales?

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