The balance on a purchase ledger control account represents the?
Present amount that a business owes its suppliers at date
Total credit avaiable to the end of the year to be utilized in future
Total credit the business enjoyed for the particular year from its suppliers
Total credit owed the business by its customers
Correct answer is A
No explanation has been provided for this answer.
N10,000 loss
N2,000 loss
N4,000 loss
N8,000 gain
Correct answer is C
equipment price = 18000
salvage value after 8 years useful life = 2000
If in 1996 ( 3 years later) it is sold for 8000, hence we have
18000 - (2000 x 3 yrs = 6000) = 12000
12000 - 8000 = 4000
This means that the equipment was supposed to have been sold for 12,000 after 3years of usage instead it was sold for 8,000. This shows a N4000 loss
N22,400
N32,000
N51,200
N76,800
Correct answer is A
No explanation has been provided for this answer.
N19,550
N18,950
N18,350
N17,500
Correct answer is C
No explanation has been provided for this answer.
Cash receipts journal
Sales journal
General journal
Cash disbursement journal
Correct answer is D
No explanation has been provided for this answer.