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.
Given: If Emeka Enterprises settles its suppliers for goods purchased within 7 days, it can earn ...
Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overh...
The Petroleum Technology Development Fund is under the ...
Which of the following is a recurrent expenditure to a Local Government Council? ...
Income and Expenditure account is the same as the --------- of a sole trader ...
If an organization maintains a periodic stock system, the stock quantities are? ...
Net profit of a sole proprietor is transferred to the ...
Which of the following is not a source of revenue to a government? ...