#4,000
#7,000
#11,000
#24,000
Correct answer is A
35,000 - 15000 = 20000
20000/ 5= 4000
i, ii and iii
i, iii and iv
i, ii and iv
iii and iv
Correct answer is C
The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, it will be replenished.
Discount recieved account and credit Alaka's account
Alaka's account and credit discount recieved account
Saka's account and credit discount recieved account
Discount allowed account and credit Alaka's account
Correct answer is D
Debit cash account and credit discount allowed account
The corresponding entry of personal accounts found in the debit side of the cash is to
Credit real accounts
Debit real accounts
Credit the ledger
Debit the ledger
Correct answer is C
For every debit entry, there must be a corresponding credit entry. Hence we credit the ledger
Which of the following items is a capital expenditure?
Maintenance of office machine
Purchase of office stationery
Carriage inwards
Purchase of office machinery
Correct answer is D
Capital expenditures are money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.