N8,900
N9,800
N14,600
N16,400
Correct answer is D
No explanation has been provided for this answer.
A source document for the sales day book is
A requisition form
An invoice
A customer advice
A credit advice
Correct answer is B
No explanation has been provided for this answer.
A basic unifying concept in accounting implies that
Where creditors'account is zero, the assets are equal to the owner's equity
There should be a balance in the creditors' account in order to measure total assets
Revenues should be supported by invested and owner's capital
Total assets can be less than liabilities and equity
Correct answer is A
No explanation has been provided for this answer.
When a proprietor withdraws cash from the business for private use, he
Debits cash account and credits drawings account
Credits cash account and debits bank account
Debits bank account and credits drawings account
Credits cash account and debits drawings account
Correct answer is D
No explanation has been provided for this answer.
A bookkeeping error occurs when there is
A deliberate manipulation of records
Unintentional correct posting in the ledger
Intentional failure to record transactions completely
Incorrect records and oversights that are not intended
Correct answer is D
No explanation has been provided for this answer.