\(\begin{array}{c|c} & \text{Dr GH¢} & \text...
Use the following information to answer the questions below. Extracts from the books of a firm as at June 30, 2012 showed the following balances.
Dr GH¢Cr GH¢Advertising36,000−Electricity60,000−
Advertising was paid by cheque covering 12 months installments ending March 31 2012. Electricity was paid by cash covering 15 monthly installments from March 1, 2011.
What was the amount charged to the profit and loss account in respect of advertising for the ended June 30 2012 is_____?
GH¢ 36,000
GH¢ 30,000
GH¢ 27,000
GH¢ 24,000
Correct answer is A
No explanation has been provided for this answer.
A proprietor withdraws cash from the business for private use, he ...
Which of the following is a credit item in an income and expenditure account? ...
Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...
Which of the following statements is not true of a non-profit making organization? ...
The objective of a trading account is to establish the? ...
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Dispos...
Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000...