The entries for cash drawn from the bank by a proprietor for the private use is: debit
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Trading Account of Umeh Enterprises for the year ended 31st December 2019
GH⊄ | GH⊄ | ||
Opening stock | 10000 | Sales | 200000 |
Purchases | 120000 | Less: | (4000) |
130000 | 196000 | ||
Closing stock | (22800) | ||
Cost of goods sold | ----- | ||
Gross profit | ------ | ||
196000 | 196000 |
The cost of goods sold is
Use the following information to answer questions below
Trading Account of Umeh Enterprises for the year ended 31st December 2019
GH⊄ | GH⊄ | ||
Opening stock | 10000 | Sales | 200000 |
Purchases | 120000 | Less: | (4000) |
130000 | 196000 | ||
Closing stock | (22800) | ||
Cost of goods sold | ----- | ||
Gross profit | ------ | ||
196000 | 196000 |
The gross profit is
Use the following information to answer questions below
Trading Account of Umeh Enterprises for the year ended 31st December 2019
GH⊄ | GH⊄ | ||
Opening stock | 10000 | Sales | 200000 |
Purchases | 120000 | Less: | (4000) |
130000 | 196000 | ||
Closing stock | (22800) | ||
Cost of goods sold | ----- | ||
Gross profit | ------ | ||
196000 | 196000 |
The GH⊄ 4,000 on the credit side is
One of the items on the debit side of sales ledger control account is