The items ‘Purchases ledger N360’ means i. cash purchases during the period ii. credit purchases during the period iii. trade debtors set off against debts on purchases Posted on:
The balance of N92 represents the i. amount necessary to balance the account ii. sum due to the customers iii. amount due from the customers Posted on:
A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. Posted on:
