Given:
I. Cash refunds
II. Debit note issue...
Given:
I. Cash refunds
II. Debit note issued
III. Dishnoured cheque
IV. Purchases
The item on the credit side of purchase ledger control account includes
I, II and IV only
I and IV only
I and II only
I, II and III only
Correct answer is B
The item on the credit side of the purchase control account or total creditor control account are: purchase (credit), cash refunds, discount withdrawn, debit note received.
Given: Sales.....................N4000 Light expenses............N2900 Rent.........................
Given: Stock at start: Raw materials................N57,000 Work-in-progress.............N42,000 ...
The control account is used in facilitating? ...
What does liquidity ratio measure? ...
Given: Total cash received from debtors 30,000 Total purchases for the period 21,000 Amount owe...
\(\begin{array}{c|c} & \text{Dr GH¢} & \text{Cr GH¢} \\ \hline Advertising & 3...