Creditors
Goodwill
Accrual
Furniture
Correct answer is D
No explanation has been provided for this answer.
Gross profit is calculated in the
Trading account
Profit and loss account
Appropriation account
Partners current account
Correct answer is A
No explanation has been provided for this answer.
The total of the sales journal is entered on the
debit side of sales account
debit side of cash account
credit side of sales account
credit side of cash account
Correct answer is C
No explanation has been provided for this answer.
The maximum level of cash held by by a cashier under an imprest system is a/an
Vote
Float
Reimbursement
Advance
Correct answer is B
No explanation has been provided for this answer.
A debit balance of N1,000 in cash account means that
cash in hand is N1,000
cash has been overspent by N1,000
total cash paid out is N1,000
total cash received was less by N1,000
Correct answer is A
No explanation has been provided for this answer.