The following transactions were recorded in the cash book...
Use the following information to answer the question
The following transactions were recorded in the cash book of Ibusah for the month of February 2019:
| D | |
|
Balance b/f |
200,000 |
| Commission received | 180,000 |
| Receipts from Ojah | 98,000 |
| Electricity bill | 40,000 |
|
Rent |
73,400 |
|
Drawings |
28,600 |
| Insurance | 12,800 |
The balance brought down at the end of the month is
D 278,300
D 154,800
D 478,300
D 323,500
Correct answer is D
Balance Brought Down = Opening Balance + Income - (Expenses + Drawings)
Balance Brought Down = (D200,000 + D180,000 + D98,000) - (D40,000 + D73,400 + D28,600 + D12,800)
= 478,000 - 154,800
\(\begin{array}{c|c} & Le\\ \hline \text{Construction and hospital wards} & 300,000\\ \text{...
''Below the line'' item in public sector accounting means such an item is........
The correct sequence in data processing is ...
Programs installed in computers to facilitate processing of data are ...
A difference between the debit and credit totals in a trial balance is placed in ...
Adama's bank account showed an overdraft of N600 on 31st march. On going through the account, it...
Subscription prepared by members is recorded in the balance sheet of a club as a ...
The purchase day book is used to record ...
Which of the following is mostly used in treating partner's current earnings? ...