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  5. In dealing with inco...

In dealing with incomplete record, fixed assets are posted to___________-

Accounts - Principles of Accounts
JAMB 2018

In dealing with incomplete record, fixed assets are posted to___________-

  • A. Profit and loss account as brought forward figure
  • B. Closing balance sheet as carried forward figure
  • C. Closing balance sheet as brought forward figure
  • D. Profit and loss as carried forward figure
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Correct Answer: Option C
Explanation

fixed asset are brought forward in closing balance sheet

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now