Accounting Questions and Answers

The bank statement shows a debit balance of Le 475. After the entry of an uncredited of Le Le 800, the new balance is

The process of recording financial transactions of government is

OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT

\(\begin{array}{c|c} & D & & D \\ \text{Balance b/d} & 25,180 & \text{Discount allowed} & 1,936 \\ \text{Sales} & 43,220 & \text{Sales returns} & 1,884\\ \text{Dishonored cheque} & 542 & \text{Cash received from customers} & xxx \\ & & \text{Balance c\d} & 5,122 \\ & \overline{68,942} & & \overline{68,942} \end{array}\)

The total cash received from customer is

OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT

\(\begin{array}{c|c} & D & & D \\ \text{Balance b/d} & 25,180 & \text{Discount allowed} & 1,936 \\ \text{Sales} & 43,220 & \text{Sales returns} & 1,884\\ \text{Dishonored cheque} & 542 & \text{Cash received from customers} & xxx \\ & & \text{Balance c\d} & 5,122 \\ & \overline{68,942} & & \overline{68,942} \end{array}\)

Net sales is

The diagrammatic representation of the workings of the computer program is