A petty cash account has an imprest of D28,000. The account has a debit balance of D5,000. How much cash is needed to restore the imprest?
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2014
When an asset is sold, the entries for the accumulated depreciation are; debit
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2014
The sum of direct cost in a manufacturing account is
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2014
The accounting concept underlying the treatment of personal expenses of the business owner as drawing is
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2014
Which of the following items is not contained in the Receipts and Payments Account?
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2014
which of the following is not an administrative expenses in a manufacturing organization?
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2014
Net profit in a business is
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2014
Which of the following accounts would appear in the nominal ledger? i. Sanison's account(a debtor) ii. Motor vehicle account iii. Sales account iv. Rent and rates account
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2014
The purchase of ten ceiling fans by Akpan Electronic Enterprises will be recorded as
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2014
Use the information to answer the question given:\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & N 85,000\\ \text{Residual value} & N5,000 \\ \text{Estimated useful lifespan 10 years} & \end{arra…
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2014
Use the following information to answer the question given:\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & N 85,000 \\ \text{Residual value} & N5,000 \\ \text{Estimated useful lifespan 10 years} &…
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2014
Which of the following is entered in the general journal?
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2014
An error of principle is made, if
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2014
Which of the following is used to record the disposal of a fixed asset?
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2014
Purchase account is overcast by ₦200, while wages account is undercast by ₦200. This is
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2014
Which of the following transactions will result in disagreement between the cash book and the bank statements?
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2014
Net turnover is referred to as
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2014
The accounting treatment for a dishonored cheque is; debt
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2014
Which of the following subsidiary books involves cash movements?
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2014
An example pf a credit entry in a profit and loss account is