GH¢46,000
GH¢36,000
GH¢26,000
GH¢10,000
Correct answer is C
No explanation has been provided for this answer.
Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit
Cash D2,500; credit Dongo D2,500
Dongo D2,500; credit cash D2,500
Bad debt D2,500; credit Dongo D2,500
Dongo D2,500; credit bad debt D2,500
Correct answer is B
No explanation has been provided for this answer.
The accounting principle of double entry states that
debit the giver and credit the receiver
assets must be equal to capital plus liabilities
every debit entry must have a corresponding credit entry
debit entries increase liabilities while credit entries increase
Correct answer is C
No explanation has been provided for this answer.
Recurrent expenditure of a local government include
Erection of market stalls
Repayment of loans
Purchase of office equipment
Purchase of office stationery
Correct answer is D
No explanation has been provided for this answer.
Accounts of fixed assets are kept in the
Purchases ledger
Private ledger
Sales ledger
General ledger
Correct answer is D
No explanation has been provided for this answer.