Capital ...................N2000
Bank ...............
Capital ...................N2000
Bank ......................N1200
Purchase ..................N2500
Sales .....................N6700
Stock .....................N1300
Creditors .................N1000
Fixed assets...............N3700
Drawings ..................N?
Drawings are always estimated at 50% of capital.
Compute the amount withdrawn
N2000
N1500
N1250
N1000
Correct answer is D
No explanation has been provided for this answer.
A transaction that would cause the cash book balance to be less than the bank statement balance...
An increase in provision for doubtful debts would result in ...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...
A debit balance of N420 on the purchases ledger control account means that the ...
The double entry for increasing provision for bad debt is debit ...
$ Trade creditors (31/12/2020) 4,...
When the fixed capital method is used, the partners' share of profits and remunerations are cred...
What is the effect of transaction when cash is paid into the bank? ...