Beginning and ending accounts receivable balances were N8,000 and N15,000 respectively. If collections from customers during the period were N36,000, then total sales on account would be Posted on:
If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an Posted on:
The financial position of an organization at a particular time can be ascertained from the Posted on:
When preparing a bank reconciliation statement, which of the following is deducted from the balance per bank statement? Posted on:
The discount column of a three column cashbook is not balanced off but periodically transferred to the discount account because discounts Posted on:
Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office expenses account and credited the bank account. What book-keeping error has he committed? Posted on:
