\(\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.
Preliminary expenses of a limited liability company are ...
In a not-for-profit making organization, the cash book is summarized in the form of ...
The accounting concept which is the basis upon which assets of a business are valued is the ...
Which of the following will not make a trial balance total to agree? ...
The advantage of double entry is that ...
Which of the following transaction is BEST recorded in the general journal? ...