An item credited in the bank statement but yet to be recorded in the firm’s cash book is?
A. bank loan B. contract payment C. standing order D. direct deposit Correct Answer: Option D – direct deposit
Which of the following are recorded on the debit side of the cash book?
Cash sales Cash purchases Cash discount allowed Cash payment Cash receipts A. i and ii B. i and iii C. i and v D. i and iv Correct Answer: Option C – i and v
A major way by which the headquarters guard against fraud in branches on cash remittance is through the introduction of?
A. imprest system only B. direct purchase by branch C. separate accountant for the branch D. credit sales by only the headquarters Correct Answer: Option D – credit sales by only the headquarters
Petty cash book records transactions on?
A. the debit side only B. the credit side only C. both credit and debit sides D. reversed entry Correct Answer: Option C – both credit and debit sidesProducts
-
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Co-Ownership Structures and Land Acquisition Methods in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Rights in Community Land and Fundamental Land Concepts in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Customary Land Control and the Origins of Nigeria's Land Use Act
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Land Ownership Principles and Transaction Laws in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.