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 reimbursed at the end of the month was
GH⊄ 6,928
GH⊄ 6,966
GH⊄ 7,456
GH⊄ 8,000
Correct answer is C
Total transaction during the period = 656 + 1828 + 750 + 1072 + 1856 + 874 + 420
= GH⊄7456
The following are the importance of branch account except ...
Given: Bank overdraft..............N2000 Cash........................N2000 Furniture................
The amount of a company's profit given to a shareholder is known as ...
Goods can be charged to branches using any of these pricing methods except ...
Which of the following is not an input device? ...
Current assets are shown in the balance sheet in order of performance as ...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
The process of allocating the cost of an intangible assets over its useful life is known as ...