A. debited with N10 000 B. credited with N10 000 C. debited with N500 D. credited with N500 Correct Answer:…
A. real entry B. special entry C. direct entry D. contra entry Correct Answer: Option D - contra entry
Given: ................Cash Book........................ Capital..........N6 500........purchases.....N12 250 Sales............N30 000........Rent..........N9 100 ................................Motor vehicle.N2 400 A. N71 250 credit B. N71 250 debit…
Use the information below to answer the question Cash at bank Cash in hand Premises Land Creditors loan from friends/bank.…
Use the information below to answer the question Cash at bank Cash in hand Premises Land Creditors loan from friends/bank.…
A. cash and credit stationery B. purchase and credit stationery C. stationery and credit cash D. stationery and credit purchases…
Use the information to answer the question. ..........................30/9/06.......30/9/07..... ............................N.............N......... Accrued insurance premium...600...........710....... Prepaid rent income.........490............630...... The cash book includes N1,850…
Use the information to answer the question. ..........................30/9/06.......30/9/07..... ............................N.............N......... Accrued insurance premium...600...........710....... Prepaid rent income.........490............630...... The cash book includes N1,850…
A. N95,600 B. N95,000 C. N90,600 D. N85,000 Correct Answer: Option C - N90,600 Explanation opening stock + cost of…
A. N10,000 B. N90,000 C. N105,600 D. N110,000 Correct Answer: Option B - N90,000 Explanation 10/100 x 100,000 = 10,000…