The sales day Book is used to record
cash and credit sales
credit sales
cash sales
sales to middleman
Correct answer is A
No explanation has been provided for this answer.
A list of all credit and debit balance from the ledger accounts is
Trial balance
Profit and loss statement
Statement of affairs
Balance sheet
Correct answer is A
No explanation has been provided for this answer.
Which of the following accounts has a debit balance?
Capital reserve
Revenue reserve
Share premium
Share discount
Correct answer is D
No explanation has been provided for this answer.
How much did Olu sell goods bought at N1,000 if he sells at a margin of 20% on selling price?
N1,250
N1,200
N1,000
N250
Correct answer is B
No explanation has been provided for this answer.
Current liability
Current asset
Long-term liability
Fictitious asset
Correct answer is B
No explanation has been provided for this answer.