# Stock 1/1/09 2200 Purchases 18000 Sales 27000 Salaries 1500 Rejection in doubtful debts 500 Office expenses 1100 Other expenses 1300 Stock 31/12/09 1000 T...

A commission of #5000 to a sales manager was debited to debtors account. This is an error of

The following accounts have debit balances except

The amount by which assets exceeds liabilities is

Goods bought on credit are first entered in the

An example of fictitious assets is

A public limited liability company can get additional fund through the issue of

An amount paid in cash to John is Dr to John and Cr to

Tolu purchased a machine for #6,000 on credit. The effect is to debit.. supplier and credit the account of the