Accounts - Principles of Accounts

list taken of the account balance in the general ledger

proof of the arithmetical accuracy of the ledger postings

summary of data for the preparation of financial statement

list of account abstracted from a subsidiary ledger to check their agreement with the related control account

list of balances ensuring that the accounts are correct

auditor general

chief accountant

treasurer

accountant general

minister of finance

contigent liability

current liability

current asset

fixed asset

capiatal expenditure

wear and tear

passage of time

devaluation of Naira

obsolescence

usage

purchase of stock

a purchase of motor vehicles for sale

subscriptionspaid

extension of building

repairs of generator