Debit rent account and credited adjustment account
Debit prepayment account and credit rent account
Debit rent account and credit prepayment account
Debit adjustment account and credit prepayment account
Correct answer is C
No explanation has been provided for this answer.
N14,583
N25,000
N35,417
N37,415
Correct answer is A
No explanation has been provided for this answer.
N700
N770
N800
N822
Correct answer is A
No explanation has been provided for this answer.
Uncredited cheques
Dishonoured cheques
Direct remittance to the bank
Unprecedented cheques
Correct answer is D
No explanation has been provided for this answer.
Which of the following demonstrates the imprest system?
Float → expenses paid → cash in bank → float
Float → cash from bank → expenses paid → float
Float → expenses paid→ cash from bank → float
Float → cash in bank → expenses paid → float
Correct answer is C
No explanation has been provided for this answer.