Given:
Prepaid b/f.......................N10?000
Cash paid during the year.........N20,000

The amount to be charged to the profit and loss account is?

Similar Questions

The accounting ratio used to measure the average number of days for which suppliers remain unpaid is...

Boro Limited apportion 1/6 of its rent for factory and 10% of the balance for warehouse. If rent pai...

Which of the following is in the personal Ledger? ...

Abelawo ltd operates a retail branch at Aba. All purchases are made by the head office in Onitsha an...

The accounting treatment for a dishonored cheque is; debit ...

Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...

Debtors.................................N20 Provision for bad debts..................10% Provision...

Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...

Discount allowed would appear on the ...

A total of D 9,160 was entered in the sales account as D9,610. To correct this error: debit  ...