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
Adama's bank account showed an overdraft of N600 on 31st march. On going through the account, it...
lubricating oil and spare parts of machines are example of? ...
Petty cash book records transactions on ...
Which of the following does not relate to a manufacturing concern? ...
Quick ratio is calculated as X-Y:Z, where ...
Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...
When the goods are sold on credit to a buyer, the account receivable account will be ...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & &...