Given:
....................January.............Dec...
Given:
....................January.............December
Assets................N28,320.............N25,320
Creditors.............N5,620..............N10,320
The proprietor made drawings of N755 per month for personal use.
The profit for the period is?
N3000
N1,360
N9060
N7700
Correct answer is B
No explanation has been provided for this answer.
In preparing the final accounts, the bad debt account is closed by a transfer to the ...
Which of the following is a spreadsheet application? ...
In a petty cash book the imprest is N1380. Expenses: Stationery N350 Cleaning material N335 Gene...
If cheques of N40,000 were received but a cheque of N8,000 was dishonoured, the amount owed was ...
How much selling and distribution expenses is apportioned to department M? ...
Which of the following items is found in the sales ledger control account? ...
Which of the following items is not contained in the Receipts and Payments Account? ...