The fixed amount of money given to a petty cashier at the beginning of a period is called?

A provision for bad debt account had N33,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/20% of annual credit sales, what was the credit sales for the period?

Transactions are recorded or posted to the ledger in line with

Show how the following transaction will be recorded applying the double-entry principle:
Rent ₦50,000 was paid by Mr. Roi to his landlord on 1st July 2017 by cheque.

A statement in a double-entry system in which are recorded all the transactions of one specific class, which takes place during the period is called