Accounts - Principles of Accounts Past Questions and Answers

A major cause of discrepancy between bank statement and the cash book that overstates the bank statement balance is the?

The bank charges levied on a current account holder is the charge on?

The course of discrepancies between the bank statement and the cash book that overstates the cash book is the?

Th major feature of an invoice is that, it?

Use the information below to answer question
Sales....................................N10,900
Stock 1/1................................N1, 000
Stock 31/12..............................N2, 000
Purchases................................N4, 000
Returns outwards.........................N800
Returns inwards..........................N600
Carriage outwards........................N300
Carriage inwards.........................N200
Find the gross profit.