i and iii
i, ii, and iii
iii
i and ii
ii and iii
Correct answer is B
No explanation has been provided for this answer.
An overdraft is usually shown as a
Credit balance in the cash column of the cash book
Debit balance in the cash column of the cash book
Debit balance in the loan account
Credit balance in the bank column of the cash book
Debit balance in the bank column of the cash book
Correct answer is D
No explanation has been provided for this answer.
The purchase of a typewriter for office use for N2,500 should be debited to
Bank accountÂ
Sales account
Cash account
Purchases account
Assets account
Correct answer is E
No explanation has been provided for this answer.
A credit note from a supplier for damaged goods would first be entered in the
Purchase day book
Sales day book
Cash book
Returns inwards book
Returns outwards book
Correct answer is E
No explanation has been provided for this answer.
The sales day book will show goods sold
For cash and credit
For cash
On credit
To wholesalers
To retailers
Correct answer is C
No explanation has been provided for this answer.