Ezekiel Malgwi is a retailer. He recorded sales represent...
Use the information below to answer question.
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it.
The transaction would be recorded in the cash book as debit?
Cash and credit bank
Bank and credit cash
Cash and credit cash
Bank and credit bank
Correct answer is B
No explanation has been provided for this answer.
In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are i. De...
The transfer of money from one sub-head to another in the public sector is ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...
Which of the following does not lead to depreciation assets? ...
The purpose of the trading account is to ascertain ...
Balance as per cashbook 2, 970 Bank Charges 220 Unpresented cheques 3,950 Uncredited cheques 4,17...