Amount reimbursed at the end of the month was?

3 years ago

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January…

Amount spent on stationery was?

3 years ago

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January…

The amount posted to the personal ledger was?

3 years ago

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January…

Resources owned and controlled by a business are classified as?

3 years ago

A. assets B. capital C. liabilities D. drawings Correct Answer: Option A - assets Explanation Assets are the resources or…

An increase in provision for doubtful debts would result in?

3 years ago

A. decrease in net profit B. increase in net profit C. decrease in gross profit D. increase in gross profit…

A unit of a company capital is?

3 years ago

A. debenture B. stock C. premium D. share Correct Answer: Option D - share Explanation Share can be defined as…

The margin would be?

3 years ago

Use the following information to answer question below A trader bought goods worth #16,000 and sold three-quarter of it for…

The gross profit is?

3 years ago

Use the following information to answer question below A trader bought goods worth #16,000 and sold three-quarter of it for…

The user of accounting information who is responsible for overall performance of the business is the?

3 years ago

A. customer B. employee C. shareholder D. director Correct Answer: Option D - director Explanation Directors are agents to the…

One of the items on the credit column of a trial balance is?

3 years ago

A. returns outwards B. carriage outwards C. returns inwards D. carriage inwards Correct Answer: Option A - returns outwards Explanation…