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 total expenses for the month is
D 278,300
D 323,500
D 478,300
D 154,800
Correct answer is D
Total Expenses = Electricity bill + Rent + Drawings + Insurance
Total Expenses = D40,000 + D73,400 + D28,600 + D12,800
Total Expenses = D154,800
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