A. debtors B. creditors C. fixtures D. goodwill E. motor vehicles Correct Answer: Option D - goodwill
A. debited to profit and loss account B. credit to profit and loss discount C. debit to debtors account D.…
A. dividend warrant B. revenue reserve C. capital reserve D. call-in-advance E. call-in-arrears Correct Answer: Option D - call-in-advance
A. purchases account, credit trading account B. trading account, credit purchases account C. profit and loss account, credit purchases account…
A. equal to its original cost B. twice its original cost C. equal to its current market value D. the…
A. close its account in the ledger B. give it out as a collateral C. turn it to cash D.…
A. an invoice B. a statement of account C. a debit note D. a credit note E. goods received note…
i. depreciation charges increase profits ii. reduction in provision for bad debt increases profit iii. undervalued stock increases profits A.…
A. an accrual B. a provisin C. a current liability D. a long-term liability E. a current asset Correct Answer:…
i. calls-in-arrears ii. cash-in-advance iii. Share discount A. i B. ii C. iii D. ii and iii Correct Answer: Option…