Select the odd one in the list of items below.

State the double entry to record a business buying goods on credit

Which of the following is the formula for calculating gross profit?

Which of the following is the formula for calculating profit for the year?

"The lifespan of a business is divided into equal intervals". Name the accounting theory.

State the double entry to record owner contribute personal equipment for business use.

State the accounting equation.

Which of the following is not a reason why a trade discount is given?

Rearrange the letters to form a word that is a type of asset.

A service business does not calculate gross profit in the statement of financial performance.

Which of the following is not found on a statement of financial performance?

Which of the following is not a purpose of preparing a trial balance?

A business repaid a bank loan. The double entry is

A credit customer is a