Accounts - Principles of Accounts Past Questions and Answers

One of the options below is not the source of income for non - profit organization

Which of these is the main source document for recording cash paid into bank?

	#
Stock Jan 1	2600
Purchases	4000
Carriage inwards	500
Sales	9000
Carriage outwards	500

Determine the net profit

Subscription in advance is treated in the balance sheet as a

	₦
Balance as per cash book	5467
Uncredited cheques	4410
Unpresented cheques	19404

The balance as per bank statement is ____________