The club deposited 200% of the closing cash balance in he bank during the period. Determine the opening cash balance of the Posted on:
If the discount allowed is 2.5% of sales, calculate the closing balance in the sales ledger account Posted on:
If cheques of N40 000 were received but a cheque of N8 000 was dishonoured, the amount owed was Posted on:
A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed? Posted on:
If Mr. Ajasin paid his creditors N5000 out of N20 000 owed, what would be the effect of this transaction on the accounting equation? Posted on:
