The following transactions were recorded in the cash book...
Use the following information to answer the question
The following transactions were recorded in the cash book of Ibusah for the month of February 2019:
| D | |
|
Balance b/f |
200,000 |
| Commission received | 180,000 |
| Receipts from Ojah | 98,000 |
|
Electricity bill |
40,000 |
|
Rent |
73,400 |
| Drawings |
28,600 |
| Insurance | 12,800 |
The total expenses for the month is
D 278,300
D 323,500
D 478,300
D 154,800
Correct answer is D
Total Expenses = Electricity bill + Rent + Drawings + Insurance
Total Expenses = D40,000 + D73,400 + D28,600 + D12,800
Total Expenses = D154,800
Which of the following is not a revenue receipt? ...
The term bad debts means debts ...
Given: Returns inwards............N1500 cash.......................N1550 Discount...................
Sales ledger balances 01/06/12------ 9,000 30/06/12------------------------------------30,000 ...
Uche returned goods worth N1,500 to Udo. Uche should receive ...
A balance sheet shows only ...
An example of fixed asset is ...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
When a bill is negotiated to a bank, it is said to be? ...
Which of the following is an example of factory overheads? ...