Given: Returns inwards............N1500 cash.......................N1550 Discount...................N2850 Capital....................N3800 Debtors....................N900 Sundry.....................N? The value of sundry expenses is 150% of returns inwards plus 50%…
Use the information below to answer questions Given: Returns inwards............N1500 cash.......................N1550 Discount...................N2850 Capital....................N3800 Debtors....................N900 Sundry.....................N? The value of sundry expenses…
A. recording B. interpreting C. summarizing D. classifying Correct Answer: Option C - summarizing
Use the information below to answer questions Balance as per cash book................N13560 Unpresented cheques.....................N5120 Uncredited lodgements...................N2300 Dividend received not entered…
Use the information below to answer questions Balance as per cash book................N13560 Unpresented cheques.....................N5120 Uncredited lodgements...................N2300 Dividend received not entered…
A. transactions that are not regular B. returns from customers C. credit sales D. the receipt and payment for money…
A. cheque crossing B. payment in cheque C. cheque transfer D. cheque endorsement Correct Answer: Option C - cheque transfer
Use the information below to answer question Net loss.......................N2300 Capital........................N10500 Liabilities....................N7200 A. N12 800 B. N4900 C. N8200 D. N9500…
Use the information below to answer question Net loss.......................N2300 Capital........................N10500 Liabilities....................N7200 A. N17 700 B. N10 500 C. N20 000…
Given: Prepaid b/f.......................N10 000 Cash paid during the year.........N20 000 A. N30 000 B. N25 000 C. N5 000 D.…