Use the following information to answer questions below
| $ | |
| Cash book balance (credit) | 750 |
| Uncredited cheques | 500 |
| Unpresented cheques | 1680 |
| Direct credit | 300 |
| Bank charges | 150 |
The adjusted cash book balance is
$600 Cr
$300 Cr
$900 Cr
$1,200 Cr
Correct answer is B
Adjusted cash book balance
Dr side = 750
Cr side = 300 + 150
= 450
Bal c/d = 750 - 450
= 300 Cr since the debit side exceed the credit side
At the end of a financial period, the trading profit and loss account of a sole trader shows...
The term bad debt is used to describe ...
A sales for N2,570 was recorded in the day book as N2,750. The error committed was ...
"A business unit is assumed to operate into foreseeable future and earn reasonable net income&q...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...
The authority of the accountant-General to disburse from government fund is called ...
The debenture issued at par above the nominal value is said to be issued at a ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of Raw Materials} & 5,800 \\ \text{Cl...
\(\begin{array}{c|c} & Le\\ \hline \text{Construction and hospital wards} & 300,000\\ \text{...