Question 12
Acquash has sold goods on credit and received N2,200 in cash from debtors. At the end of the previous year N500 was owed by customers. The balance outstanding this year is N300. sales for the year amounted to
Objective
Question details
- Exam body
- WAEC
- Subject
- Accounts - principles of accounts
- Year
- 1991
- Question no.
- #12
- Type
- Objective
More from this paper
- Q8Where there is provision for depreciation account, fixed assets must be shown in…
- Q9N100 received from Laifat was entered on the payments side of the cash book with…
- Q10Discount allowed is a charge to
- Q14The document evidencing a disbursement of government fund is known as
- Q15The authority of the accountant-General to disburse from government fund is…
- Q16Where the cash book does not show a credit balance in a bank reconciliation…