Given: Sales.....................N4000 Light expenses............N2900 Rent......................N1500 Purchases.................N7500 Debtors...................N6000 Creditors.................N29000 Drawings..................N25 Bank......................N400 General expenses..........N1500 A. N64 300 B. N46 825 C. N41…
A. two credit entries at the same time B. two debit entries at the same time C. debit and credit…
A. maintain the production section of the business B. know why transactions cause increase and decreases in assets C. advise…
A. Conservatism B. Historical C. Monetary D. Cost Correct Answer: Option A - Conservatism
A. provides permanent records for all financial transactions B. is futuristic in nature C. accepts responsibility for all wrong postings…
A. N20 B. N40 C. N60 D. N4 Correct Answer: Option B - N40 Explanation Fatima cash purchase = 2000…
A. N333 000 B. N234 000 C. N343 000 D. N243 000 Correct Answer: Option D - N243 000 Explanation…
A. N484 000 B. N448000 C. N584 000 D. N558 000 Correct Answer: Option B - N448000 Explanation credit sales…
A. N2760 B. N4 300 C. N6 200 D. N2.400 Correct Answer: Option A - N2760 Explanation cash balance =…
A. Take adequate care of the needy B. supplement the commercial sector C. provide cheap services to all citizens D.…