A. net profit B. gross margin C. total purchases D. total sales Correct Answer: Option B - gross margin
A. bank loan B. contract payment C. standing order D. direct deposit Correct Answer: Option D - direct deposit
Cash sales Cash purchases Cash discount allowed Cash payment Cash receipts A. i and ii B. i and iii C.…
A. imprest system only B. direct purchase by branch C. separate accountant for the branch D. credit sales by only…
A. the debit side only B. the credit side only C. both credit and debit sides D. reversed entry Correct…
Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500 Cash balance #4,956 Debtors #…
Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500 Cash balance #4,956 Debtors #…
If machine X cost #600,000 with anticipated life span of five years and estimated scrap value of #50,000, using straight-line…
If goods were bought from Tanko at a cost price of #9,000 with a cash discount of 5%, how much…
A. debit cash book and credit drawer B. credit cash book and debit drawer C. debit cash book and credit…