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Which of the following is not correct?
Question 1
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Which of the following is not correct?
credit sales are entered on debit side of the customers personal account
credit purchases are entered on the debit side of the supplier's personal account
return inward are entered on the credit side of the customer's personal account
returns outwards are entered in on the debit side of the supplier's account
Answer Details
Read lesson note on Partnership Accounts (JAMB)
Read lesson note on Nature And Significance Of Accounting (JAMB)
Read lesson note on Control Accounts And Self-balancing Ledgers (JAMB)
Read lesson note on Principles Of Double Entry (JAMB)
Partnership Accounts
Nature And Significance Of Accounting
Control Accounts And Self-balancing Ledgers
Principles Of Double Entry
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