July 1 - Started business with #10,500
July 31- Pa...
July 1 - Started business with #10,500
July 31- Paid Agro machine x #6,000 owing them
The double entry for July 31 would be
Debit Agromachinex and credit cash
Debit equipment and credit Agromachinex
Credit capital and debit cash
Credit cash and debit purchases
Correct answer is A
No explanation has been provided for this answer.
In an incomplete record system a trading account cannot be prepared until the ...
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
The main reason for adopting a departmental account is to? ...
Which of the following is the effect of a reduction in the provision for doubtful debts? ...
Given: Authorized Capital: N100,000 ordinary shares of N1 each Issued and fully paid: 50,000 or...
Stock or raw materials(1st January) 3000 Direct wages 2500 Direct expenses 1000 Factory overheads...