A. Interest charged by suppliers B. Bills receivable honored C. Transfer of credit balances from credit control account D. Transfer…
A. Balance b/d B. Cheque dishonoured C. Purchases D. Balance c/d Correct Answer: Option D - Balance c/d
A. sales account B. purchases account C. cash account D. wages account Correct Answer: Option C - cash account
Period 1 N Cash to petty cashier 1000 Petty cashier pays out 780 Period 2 Petty cashier pays out 840…
Total current assets..................N2,000 Total fixed assets....................N4,000 Current liabilities...................N1,200 Drawings..............................N200 Long-term loan........................N2,000 A. N9,400 B. N6,000 C. N3,400 D. N3,000 Correct…
Given: Balance as per cash book...................N20,000 Unpresented cheques........................N5, 200 Direct credit to the bank..................N1, 000 Direct debit from the bank.................N1,…
A. Error by the bank B. Undercasting of the cash book C. Overcasting of the cash book D. Bank service…
A. customer to the bank B. bank to the customer C. bank to an employee D. customer to a fellow…
A. the debit side of the cash book B. the credit side of the cash book C. the folio column…
Period 1: ........Cash to petty cashier.............N1000 ........Petty cashier pays out............N780 Period 2: ........Petty cashier pays out............N840 A. 160 B. 840…