Accounts - Principles of Accounts Past Questions and Answers

A double entry for a transaction that offsets one amount against another on both sides of the cashbook is a ____________

When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added except ____________

Discount allowed is enjoyed by ____________

In manufacturing, depreciation of office machine is charged to ____________

	₦		₦
Bal. b/f	3,250	Bal. b/f.	215
Sales	19,075	Bank	16,387.50
Dishonoured cheque	625	Discount	862.50
Stopped cheque	250	Returns inwards	325
Bal c/d	230	Set off	900
		Bal c/d	4740
	23,430		23430
Bal b/d	4740	Bal b/d	230

Dr. Sales Ledger Control Account . Cr






The amount ₦16,378.50 described as "Bank" represents