Use the following information to answer the given questio...
Use the following information to answer the given question:
SALES LEDGER CONTROL ACCOUNT
1986N1986NJan.1Balance b/d1,300Jan.1Balance b/d8631sales7,630bank6,555dishonoured cheques250discount345stopped cheques100returns130balance c/d92Purchases ledger360balance c/d1,8969,3729,372Feb.1balance b/d1,896Feb.1balance b/d92
The balance of the provision for depreciation account is shown in the
Trial balance as a debit
Trial balance as a credit
Balance sheet as a fixed asset
Balance sheet as a ling term liability
Balance sheet as a current liability
Correct answer is E
No explanation has been provided for this answer.
An asset was purchase for N343m in 2003. The estimated life of the asset was 3 years with a r...
Given: Sales Ledger Control Account (Extracts) Balance b/f N10,600 Total cash payments by debtors...
The total share capital which a company would be allowed to issue is known as ...
Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde's ledger contr...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
When a shareholder fails to pay the calls requested from him, this situation leads to ...