Question 1 of 10 50 total questions
Use the information below to answer questions 9 and 10.
A N180,000
B N181,000
C N177,000
D N110,000
Use the information below to answer questions
A N110,000
B N105,000
C N101,000
D N100,000
NAFARA AND SONS Balance Sheet items as at 31st December, 1987.
A N20400
B N20465
C N35695
D N19820
(i) Fixtures account (ii) Machinery account
A iii and iv
B i and ii
C i and iii
D ii and iii
In a petty cash book the imprest is N1380.
In an incomplete record, the preparation of the bank reconciliation ensures that?
A all cash taking are banked
B the cash book is correct
C there are no overdrafts
D there are no hidden loans
An entry in a subsidiary book which does not form part of the double entry system is a?
A contra entry
B journal entry
C single entry
D memorandum entry
In a petty cash book the imprest is N1380.
In preparing the final accounts, the bad debt account is closed by a transfer to the?
A balance sheet
B provision for bad debt account
C profit and loss account
D trading account
Given:
A N2575
B N2985
C N3250
D N3925
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