JAMB Accounting Past Questions & Answers - Page 252

Sales N20,000
Cost sales N10,000
Operating expenses N2,500
Expenses prepaid included 
in operating expenses N500

Calculate the net profit?

In order to make the cash book balance equal to the bank statement, it is usual to add?

To write off bad debt,

On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor.
On November 15, it purchases goods worth N69,000 and paid a cheque of N51,600. On November 29, one of the Holdings' cheques worth N3,000 was returned while the creditor granted a N1,500 discount. The amount owed by Zaria Holdings as at November 29 is?

The conventional sources of public revenue includes