The following appears in the trading account except
|
₦ |
|
|
Debtors opening |
4000 |
| Debtors closing | 1500 |
|
Cash received from debtors |
8500 |
|
Bad debts written off |
350 |
| Discount allowed | 500 |
| Discount received | 1000 |
What is the amount of sales for the year?
The principle of double entry developed from the axioms of accounting equation is given as
A part of public company's profit belonging to the shareholders is
Accounting entry for dissolution expenses is
