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Which of these is not a subsidiary books?
The effect of transaction when cash is paid into the bank is?
Which of the following is used to service all operations of government?
Given:
I. It records subscription in arrears
II. Payments of liabilities is effected
III. The account does not show if cash payment is revenue or capital expenditure
IV. It performs the same function as cash book
The features of receipts and payment account includes:
Given:
I. Cash refunds
II. Debit note issued
III. Dishnoured cheque
IV. Purchases
The item on the credit side of purchase ledger control account includes
Changes in the profit sharing ratio may occur as a result of
I. skill contributed by partners
II. health status
III. old age
IV. Intangible asset increase
When goods are received from head office, head office will be credited while
|
₦ |
|
|
Balance as per cash book |
5467 |
|
Uncredited cheques |
4410 |
|
Unpresented cheques |
19404 |
The balance as per bank statement is
Subscription in advance is treated in the balance sheet as a
| # | |
|
Stock Jan 1 |
2600 |
| Purchases | 4000 |
| Carriage inwards | 500 |
| Sales | 9000 |
| Carriage outwards | 500 |
Determine the net profit
Which of these is the main source document for recording cash paid into bank?
One of the options below is not the source of income for non - profit organization
Accounting entry for dissolution expenses is
A part of public company's profit belonging to the shareholders is
The principle of double entry developed from the axioms of accounting equation is given as
|
₦ |
|
|
Debtors opening |
4000 |
| Debtors closing | 1500 |
|
Cash received from debtors |
8500 |
|
Bad debts written off |
350 |
| Discount allowed | 500 |
| Discount received | 1000 |
What is the amount of sales for the year?
The following appears in the trading account except
The authority warrant issued prior to the approval of the appropriate bill at the begining of the year
The use of three column cash book is determined by
The following are importance of branch account except