The accumulated fund of a non-trading concern can equally be referred to as?
N | |
sales | 20,000 |
cost of sales | 10,000 |
operating expenses | 2,500 |
expenses prepaid included in operating expenses | 500 |
use the information above to answer the following question.
Kakaku limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/2106. The company's policy, provides for 15%bad debt annually. Which of the following represents the total balance of debtors before adjustment?
The basic role of accounting is to?