Calculate the total purchase of a business from the given...
Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 53,000; creditors at the beginning 4000; creditors at the end 2,000
N52,000
N51,000
N55,000
N50,000
Correct answer is C
Total purchases = credit purchases plus cash purchases i.e. N52000 + N3000 = N55,000
Provision for discount allowed can be recorded as debit to? ...
Where there is no agreement made by the partners, the following provisions takes place except ...
Sales account was undercast by GH¢ 1,000. When this is corrected, both the gross profit and the...
Which of the following is not true of a partnership business without written agreement? ...
Based on the FIFO method of valuation the total cost of the raw materials issued is ...
Transfers from the head office to branches are best carried out at? ...