Bola a grocer, keep petty cash on imprest system, the flo...
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018.
| GH⊄ | ||
| January 1 | Petty cash in hand | 1034 |
| January 1 | Petty cash to restore float | 6966 |
| January 6 | Bought note books | 656 |
| January 7 | Paid wages | 1828 |
| January 14 | Bought postage stamps | 750 |
| January 16 | Paid to Biodun a creditor | 1072 |
| January 18 | Paid wages | 1856 |
| January 23 | Purchased envelopes | 874 |
| January 28 | Purchased postage stamps | 420 |
Amount spent on stationery was
GH⊄ 1,170
GH⊄ 1,076
GH⊄ 1,530
GH⊄ 874
Correct answer is C
Amount spent on stationery = 656 + 874
= GH⊄ 1530
Where fixed capital account is maintained, partners Share of profit is transferred to the ...
A trial balance is a proof of ...
An increase in government expenditure within a year is taken care of by means of ...
Bought motor vehicle ₦60 paying by cheque. The effect of the transaction will be ...
A balance sheet is prepared ...
Which of the following is not part of the central processing unit of a computer? ...
Working capital is measured by the excess of ...
All cash transactions of a not-for-profit making organization are recorded in ...