Accounts - Principles of Accounts Past Questions and Answers

Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of

Which of the following is a journal as well as a ledger?

On Jan. 30 Khalifa withdraw N2500 from the bank for office use.
The cash balance at end of the month was

What was the bank balance at the end of the month?

The value of Y is