EUROPEAN TRADERS DID NOT VENTURE INTO THE INTERIOR OF NIGERIA BEFORE THE 19TH CENTURY BECAUSE
A. they were ignorant of the area B. the African middlemen served their needs C. of their fear of the African middlemen D. they were very few in number. The answer to the question is: B. the African middlemen served their needs European traders…
WHEN EXPENSES ARE PAID ON BEHALF OF THE VENTURE, THE ACCOUNTING ENTRIES IS TO DEBIT
A. expenses account and credit bank account B. bank account and credit joint venture account C. joint venture account and credit bank account ✓ D. joint venture account and credit expenses account The answer to the question is: C. joint venture account and credit…