Adama’s bank account showed an overdraft of N600 on 31st march. On going through the account, it was discovered that the N1,080 paid into the account on 29th March had not been credited. what should be the balance in Adama’s cash accounts? Posted on:
A payment of cash of N20 to John was entered on the receipt side of the cash book in error and credited to John’s account. Which of the following journal entry can be used to correct the error? Posted on:
Bola, UTC’s regular customer, owed N1,00 on account of a radio bought. If he sent in a cheque for N1,500, UTC would send him a Posted on:
A trail balance is usually prepared by an accountant from account balances in the ledger for the purpose of Posted on:
Diamond Ringo business was started when Mr. Diamond brought in a cheque of N500,000, which was paid into the bank account. Which of the following entries properly records the transaction? Posted on:
Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure. Posted on:
