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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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