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Questions and Answers
What was the total cost of the Furniture and fittings at the end of the financial year?
What was the total cost of the Furniture and fittings at the end of the financial year?
- N$ 31,000
- N$ 29,000
- N$ 20,000
- N$ 21,000 (correct)
What was the profit and loss account balance at the start of the financial year?
What was the profit and loss account balance at the start of the financial year?
- N$ 124,000
- N$ 8,000 (correct)
- N$ 70,000
- N$ 10,000
What was the total amount of purchases made during the financial year?
What was the total amount of purchases made during the financial year?
- N$ 10,000
- N$ 270,000
- N$ 124,000 (correct)
- N$ 118,000
What was the total amount of sales during the financial year?
What was the total amount of sales during the financial year?
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What was the total value of vehicles after considering depreciation at the end of the financial year?
What was the total value of vehicles after considering depreciation at the end of the financial year?
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How much provision needed to be made for bad debts based on the information provided?
How much provision needed to be made for bad debts based on the information provided?
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