Aminu and Sons credit purchases (Extract] as at February ...
Aminu and Sons credit purchases (Extract] as at February 1996.
Feb 1Credit balances 40, 000
Debit balances 1, 000
Feb 28 Purchases journal totals 500,000
Returns outwards journal totals 50,000
Cheques paid to suppliers 400,000
Promissory notes sent to suppliers 30,000
Credit balance in the purchases ledger set off against debit balances in the sales ledger 2000
The Total for the purchases ledger control account is
N480,000
N490,000
N500,000
N540,000
Correct answer is D
No explanation has been provided for this answer.
The issued share capital is the number of shares that are ...
Which of the following reserves is not used for bonus shares? ...
Which of the following explains the short term solvency of a company? ...
The process of cost apportionment is carried out so that ...
Given: Prepaid b/f.......................N10?000 Cash paid during the year.........N20,000 The ...
Given: Authorized Capital: N100,000 ordinary shares of N1 each Issued and fully paid: 50,000 or...
Given: Authorized Capital: N100,000 ordinary shares of N1 each Issued and fully paid: 50,000 or...