A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed?

If cheques of N40 000 were received but a cheque of N8 000 was dishonoured, the amount owed was

If the discount allowed is 2.5% of sales, calculate the closing balance in the sales ledger account

Given:

Calculate the surplus income.

Use the information below to answer questions.

Entrance fees.........................N1200
Subscriptions(including N850 arrears).N4310
Donations received....................N1500
Proceeds from sales...................N2300
Total payments........................N8200
Depreciation..........................N2100
Closing cash balance..................N1110

The club deposited 200% of the closing cash balance in he bank during the period.

Determine the opening cash balance of the