Which of the following is in the personal Ledger?
Discount allowed account
Interest received account
Cash sales account
Debtors account
Assets account
Correct answer is D
No explanation has been provided for this answer.
Discount allowed is a charge to
Trading account
Balance sheet
Profit and loss account
Profit and loss appropriation account
Current account
Correct answer is C
No explanation has been provided for this answer.
Debit Latifat's account, credit cash book with N100
Credit Latifat's account, debit cash book with N100
Credit Latifa's account, debit cash book with N200
Debit Latifat's account, credit cash book with N200
Credit Latifat's account, debit Suspense account with N200
Correct answer is C
No explanation has been provided for this answer.
i
ii
iii
i and ii
i and iii
Correct answer is A
No explanation has been provided for this answer.
The price paid for the purchase of for the purchase of a business is
Debited to the cash account and credited to the vendor's account
Credited to the cash account and debited to the vendor's account
Credited to the business purchases account and debited to the assets account
Debited to the business purchase account and credited to the assets account
Credited to the cash account and debited to the assets account
Correct answer is B
No explanation has been provided for this answer.