April 11: Sold goods for cash N50,000
April ...
April 11: Sold goods for cash N50,000
April 20: Bought goods for cash N30,000
April 26: Bought postage stamp N5,000
April 28: Cash sales N49,000
April 29: Cash purchases N11,000
April 30: Paid salaries N18,000
The cash balance at the end of the period is
N99,000
N64,000
N35,000
N34,000
Correct answer is C
Cash balance = cash sales - expenses
99,000 - (30,000 + 5,000 + 11,000 + 18,000)
99,000 - 64,000 = 35,000
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Sto...
An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo...
The source of funds available to a local government/district assembly includes ...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...
A debit in the suspense accounting will appear in the balance sheet as? ...