A. N3,186 B. N2,866 C. N2,255 D. N2,175 E. N1,935 Correct Answer: Option E - N1,935
A. debit side of the profit and loss account B. credit side of the trading account C. debit side of…
A. transposition B. omission C. principle D. original entry E. compensation Correct Answer: Option A - transposition
A. bank charges and commission B. cheques issued, presented and cashed C. bank deposits D. cash payments made by the…
i. compensating error ii. debiting an item instead of crediting it iii. making only a single entry A. i B.…
A. creditors account B. debitors account C. salaries account D. fixtures account E. stock account Correct Answer: Option C -…
A. deducted from the balance of the cash account B. shown in the balance sheet as cash-in-hand C. reconciled with…
i. cash book ii. discount received account iii. supplier's account A. i and iii B. i, ii, and iii C.…
A. credit balance in the cash column of the cash book B. debit balance in the cash column of the…
A. bank accoun B. sales account C. cash account D. purchases account E. assets account Correct Answer: Option E -…