If stationery bought for ₦200 has been entered as ₦2000. To correct this error?

If salary account is debited instead of stationery account, the error committed is that of?

Ledger account is mainly classified into?

The major function of accounting bodies in Nigeria is to?

Three Column Cash Book (Extract)<table><tbody><tr><td style="width: 12.5%;">Date</td><td style="width: 12.5%;">Particulars</td><td style="width: 12.5%;">Cash</td><td style="width: 12.5%;">Bank</td><td style="width: 12.5%;">Particulars</td><td style="width: 12.5%;">Date</td><td style="width: 12.5%;">Cash</td><td style="width: 12.5%;">Bank</td></tr><tr><td style="width: 12.5%;"> </td><td style="width: 12.5%;"> </td><td style="width: 12.5%; text-align: right;">₦</td><td style="width: 12.5%; text-align: right;">₦</td><td style="width: 12.5%;"> </td><td style="width: 12.5%;"> </td><td style="width: 12.5%; text-align: right;">₦</td><td style="width: 12.5%; text-align: right;">₦</td></tr><tr><td style="width: 12.5%;">1.</td><td style="width: 12.5%;">Bal b/d</td><td style="width: 12.5%; text-align: right;">3000</td><td style="width: 12.5%; text-align: right;">4000</td><td style="width: 12.5%;">Electricity</td><td style="width: 12.5%;">5</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%; text-align: right;">300</td></tr><tr><td style="width: 12.5%;">2.</td><td style="width: 12.5%;">Cash sales</td><td style="width: 12.5%; text-align: right;">1000</td><td style="width: 12.5%; text-align: right;"> </td><td style="width: 12.5%;">Purchases</td><td style="width: 12.5%;">6</td><td style="width: 12.5%; text-align: right;">3000</td><td style="width: 12.5%; text-align: right;"> </td></tr><tr><td style="width: 12.5%;">3.</td><td style="width: 12.5%;">Fatima</td><td style="width: 12.5%; text-align: right;">2000</td><td style="width: 12.5%; text-align: right;"> </td><td style="width: 12.5%;">Ahmad</td><td style="width: 12.5%;">7</td><td style="width: 12.5%; text-align: right;"> </td><td style="width: 12.5%; text-align: right;">500</td></tr><tr><td style="width: 12.5%;">4.</td><td style="width: 12.5%;">Baffa</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%;">Khadija</td><td style="width: 12.5%;">8</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%; text-align: right;"> </td></tr></tbody></table>Calculate the cash balance after the discount

Three Column Cash Book (Extract)<table><tbody><tr><td style="width: 12.5%;">Date</td><td style="width: 12.5%;">Particulars</td><td style="width: 12.5%;">Cash</td><td style="width: 12.5%;">Bank</td><td style="width: 12.5%;">Particulars</td><td style="width: 12.5%;">Date</td><td style="width: 12.5%;">Cash</td><td style="width: 12.5%;">Bank</td></tr><tr><td style="width: 12.5%;"> </td><td style="width: 12.5%;"> </td><td style="width: 12.5%; text-align: right;">₦</td><td style="width: 12.5%; text-align: right;">₦</td><td style="width: 12.5%;"> </td><td style="width: 12.5%;"> </td><td style="width: 12.5%; text-align: right;">₦</td><td style="width: 12.5%; text-align: right;">₦</td></tr><tr><td style="width: 12.5%;">1.</td><td style="width: 12.5%;">Bal b/d</td><td style="width: 12.5%; text-align: right;">3000</td><td style="width: 12.5%; text-align: right;">4000</td><td style="width: 12.5%;">Electricity</td><td style="width: 12.5%;">5</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%; text-align: right;">300</td></tr><tr><td style="width: 12.5%;">2.</td><td style="width: 12.5%;">Cash sales</td><td style="width: 12.5%; text-align: right;">1000</td><td style="width: 12.5%; text-align: right;"> </td><td style="width: 12.5%;">Purchases</td><td style="width: 12.5%;">6</td><td style="width: 12.5%; text-align: right;">3000</td><td style="width: 12.5%; text-align: right;"> </td></tr><tr><td style="width: 12.5%;">3.</td><td style="width: 12.5%;">Fatima</td><td style="width: 12.5%; text-align: right;">2000</td><td style="width: 12.5%; text-align: right;"> </td><td style="width: 12.5%;">Ahmad</td><td style="width: 12.5%;">7</td><td style="width: 12.5%; text-align: right;"> </td><td style="width: 12.5%; text-align: right;">500</td></tr><tr><td style="width: 12.5%;">4.</td><td style="width: 12.5%;">Baffa</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%;">Khadija</td><td style="width: 12.5%;">8</td><td style="width: 12.5%; text-align: right;">200</td><td style="width: 12.5%; text-align: right;"> </td></tr></tbody></table>If Fatima was granted a discount of 2% what will be discount allowed?

<img alt="" class="alignnone size-full wp-image-304213" height="142" src="https://data.ulearngo.com/assets/56572d5f-32b2-4bf6-8235-9f1a8cfb1b5f" width="300"/>Calculate the value of credit sales

<img alt="" class="alignnone size-full wp-image-304213" height="142" src="https://data.ulearngo.com/assets/39cd9c21-9b73-4bba-b6d2-be08972da578" width="300"/>Credit sales is given at 160% of cash received.What is the balance c/d?

<img alt="" class="alignnone size-full wp-image-304214" height="172" src="https://data.ulearngo.com/assets/5e19010b-d982-4a00-ab02-fa0b3544ad53" width="300"/>How much selling and distribution expenses is apportioned to department M?

<img alt="" class="alignnone size-full wp-image-304214" height="172" src="https://data.ulearngo.com/assets/cb0137f5-5fdc-4ce5-8505-f9c699e7fa39" width="300"/>How much rent is apportioned to department K?

Which of the following is incorrect? The amounts are arranged in the following order: Assets; Liabilities; Capital

2010 JAMB UTME Accounts Past Questions

If stationery bought for ₦200 has been entered as ₦2000. To correct this error?

If salary account is debited instead of stationery account, the error committed is that of?

Ledger account is mainly classified into?

The major function of accounting bodies in Nigeria is to?

Three Column Cash Book (Extract)DateParticularsCashBankParticularsDateCashBank ₦₦ ₦₦1.Bal b/d30004000Electricity52003002.Cash sales1000 Purchases63000 3.Fatima2000 Ahmad7 5004.Baffa200200Khadija8200 Calculate the cash…

Three Column Cash Book (Extract)DateParticularsCashBankParticularsDateCashBank ₦₦ ₦₦1.Bal b/d30004000Electricity52003002.Cash sales1000 Purchases63000 3.Fatima2000 Ahmad7 5004.Baffa200200Khadija8200 If Fatima was grant…

Calculate the value of credit sales

Credit sales is given at 160% of cash received.What is the balance c/d?

How much selling and distribution expenses is apportioned to department M?

How much rent is apportioned to department K?

Which of the following is incorrect? The amounts are arranged in the following order: Assets; Liabilities; Capital