Creditors at start was N4,650 and at close N2,480, cash paid to suppliers during the year amounted to N12,000. Credit purchases for the year is valued at

Similar Questions

XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of...

In a sales ledger, contra entry is found on the? ...

On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of ...

Which of the following item is found on the credit side of the sales ledger control account? ...

Receipts and Payment Account (Extract)                 &nbs...

When shares are oversubscribed, the promoters may decide to scale down. When this is done, the share...

Which of the following affects the accuracy and authenticity of the trial balance? ...

Petty cash book records transactions on ...

When a share is sold for less than its nominal value, the difference is called ...

The limitations of the receipts and payments account arise mainly because of the reliance on? ...