...
01/01/17 31/12/17
Trade creditors 630,000 780,000
Stock 540,000 480,000
Trade creditors
Stock
Cash paid to trade creditors in 2017 was N2,700,000. 00
What was the purchase for 2017?
N3,480,000
N2,850,000
N2,700,000
-N2,550,000
Correct answer is B
No explanation has been provided for this answer.
The principle of double entry developed from the axioms of accounting equation is given as ...
GH⊄ Sales 200000 Purchase 170000 ...
keeping records under the single entry system has the advantage of ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
Sales ledger control account contains the total amount in respect of ...