A debit balance of N1,000 in cash account means that
...A debit balance of N1,000 in cash account means that
cash in hand is N1,000
cash has been overspent by N1,000
total cash paid out is N1,000
total cash received was less by N1,000
Correct answer is A
No explanation has been provided for this answer.
Adaobi mistakenly entered N7000 as credit sales in Abba's account. This is? ...
Directors' remuneration are recorded in the book as ...
Which of the following is not a profit and loss appropriation account item? ...
In the head office ledger, the value of goods sent to the branch are ...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
The cash realized from the sale of asset on dissolution of partnership is ...
The major advantages of an impurest system is that it ...
Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) P...