A. capital account B. profit and loss appropriation account C. trading account D. profit and loss account E. manufacturing account…
A. balance sheet B. statement of affairs C. trading account D. profit and losss account E. trial balance Correct Answer:…
A. principle B. original entry C. omission D. commission E. compensation Correct Answer: Option D - commission
A. goodwill B. working capital C. net profit D. retained earings E. net loss Correct Answer: Option D - retained…
A. current liabilities over current assets B. fixed assets over current assets C. currents assets over current liabilities D. current…
A. stock B. fixture C. equiptment D. rent E. debtors Correct Answer: Option E - debtors
A. payment B. accual C. debtors D. provision E. reserves Correct Answer: Option B - accual
A. debit profit and loss account, credit provision for doubtful debts account B. credit provision for doubtful debts account; debit…
A. ordinary entry B. omission C. commission D. compensation E. principle Correct Answer: Option D - compensation
A. goods sold B. cash received C. dishonoured cash D. payment to debtors for claim E. interest charges Correct Answer:…