Sales day book
Cash book
Sales subsidiary book
Purchase day book
Correct answer is B
No explanation has been provided for this answer.
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
₦7,000
₦11,000
₦4,000
₦24,000
Correct answer is A
No explanation has been provided for this answer.
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
The yearly depreciation using the straight-line method would be
₦5200
₦800
₦6500
₦4400
Correct answer is A
No explanation has been provided for this answer.
The major feature of a journal is that it has
Five columns, date, particulars, folio, debit and credit
Three columns, date, particulars, folio and amount
Six columns, date. particulars, folio, amount debit and credit
Four columns, date, particulars, folio and amount
Correct answer is A
A typical journal entry usually has four columns: the date of the transaction, the particulars, and columns for the debits and credits.
Sometimes, the folio column can be included, but is it not a compulsory requirement.
Commission paid
Interest received
Direct withdrawal
Direct payment
Correct answer is D
No explanation has been provided for this answer.