Sales - #232,000
Opening stock - # 28,000
P...
Sales - #232,000
Opening stock - # 28,000
Purchases - #128,000
Carriage inwards - # 4,000
Carriage outwards - # 6,000
Closing stock - # 10,000
Discount received - # 18,000
Expenses - # 20,000
Calculate the expenses debited to the profit and loss account.
#17,000
#23,000
#26,000
#30,000
Correct answer is C
Expenses debited to the profit and loss account would be;
Expenses + carriage outwards
20,000 + 6000 = 26000
The distinguishing feature between a two-column cash book is ...
Which of the following errors will affect the trial balance total? ...
The main purpose of transaction file is ...
Which of the following is not a profit and loss appropriation account item? ...
The Auditor General of the Federation can be removed by the? ...
Trading Account (Extract) .................N.............................N...... Opening stock.....
The person who has applied for shares in a company is called ...