Home » Accounts (Principles of Accounts) » The basis of accounting which eliminates debtors and creditors isThe basis of accounting which eliminates debtors and creditors is The basis of accounting which eliminates debtors and creditors is A. cash basis B. accral basis C. fund basis D. commitment basis Correct Answer: Option A Explanation Related Posts Given: cash book item: Paid to suppliers N10,800 Expenses paid N6,900 Drawings made N900 Balances… Use the information below to this question Cost of raw materials consumed 300,600 Carriage inwards… A fixed cost is fixed only in relation to? When assets are realized during a partnership dissolution, the entries for the proceeds are to… Which of the following is n asset? Cost of extension to a factory building is classified as
