Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year was N5,410. Posted on:
A cheque drawn for N1200 was entered in the cash book as a receipt. The accounting entries are Posted on:
Creditors at start was N940 and purchases for the year was N4,060. During the year, cash paid to creditors was N3,890. Posted on:
Debtors at start was N5,620 and at close N3,460. Cash and cheques received from customers amounted to N16,330. Credit sales for the year valued Posted on:
A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Posted on:
