Accounts - Principles of Accounts Past Questions and Answers

An entry made in bank column of cash book to record movement of cash between the office and the bank is the?

Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is to be?

Commission-on-turnover is charged on?

The medium that enables the ATM to read the account details and process transaction directly with the account held in the bank is the?

Use the information below to answer question .
Capital.......N12 700........Purchases......N7 100
Debtors.......N4 000........Stationery.....N1 900
Sales.........N2 400........Wages..........N1 230
The owners wishes to maintain an account equal to of capital as drawings.
What is the amount withdrawn?