Jamb Accounts - Principles of Accounts Questions - Nature and Significance of Book keeping and Accounting
Question 178:
Use the information below to answer question
Trading account for the year ended 31st December 2009
View Answer & ExplanationTrading account for the year ended 31st December 2009
| ₦ | ₦ |
| Opening Stock 32,000 | Sales 48,000 |
| Purchases 40,000 | Less Return 2,000 |
| Carriage inwards 1,000 | |
| 41,000 | |
| Less Return 2,000 39,000 | |
| Cost of goods available ?? | |
| Less closing stock 9,000 | |
| Cost of goods sold ?? |
Question 179:
Departmentalization of accounts is useful because it shows the____________
View Answer & ExplanationQuestion 180:
Use the information below to answer the question.
Calculate the balance in the bank statement.
View Answer & ExplanationCalculate the balance in the bank statement.
| ₦ | |
| Balance as per cashbook | 13560 |
| Unpresented cheques | 5120 |
| Dividend received | 2000 |
| Uncredited cheque | 2300 |
| Bank charges | 280 |
| Standing order | 600 |
| Balance as per bank statement | ? |