Monday, 25 June 2012

2012 NECO FINANCIAL ACCOUNT ANSWERS

at 04:09  |  1 comment

(3a)-purchase ledger system-sales ledger system-payroll system-norminal ledger-reconcilation

(3b)=the gross profits of each department can be ascertained-unprofitable departments will be revealed-the result of operation can be used to pay the manager of each department-the progress of each department can be monitored.

(3c)control accounts are accounts prepared to check the accuracy of some specified ledgers

(2a) dissolution of partnership is d coming to an end of a partnership agreement.

(2b) bankrupcy of a partner-death of a partner-retirement of a partner- decision to discontinue-insolvency of the business.

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1 comment:

  1. This is rubbish we finish it and u posted it

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