A. consistency B. cost C. accrual D. conservatism Correct Answer: Option A A. consistency
A. debtors less provision for bad debts B. debtors plus provision for bad debts C. debtors less prepayments D. debtors…
A. opening stock + purchases - closing stock B. opening stock + sales + closing stock C. opening stock -…
A. provision B. reserve C. depreciation D. depletion Correct Answer: Option A A. provision
A. capitalization B. depreciation C. depletion D. amortization Correct Answer: Option B B. depreciation
A. general ledger B. purchases journal C. private ledger D. purchases ledger Correct Answer: Option D D. purchases ledger
A. closing stock value B. opening stock balance C. opening debtors balance D. closing asset value Correct Answer: Option A…
A. suspense Account B. trading account C. control account D. profit and loss account Correct Answer: Option A A. suspense…
A. credit note B. invoice C. debit note D. bank note Correct Answer: Option D D. bank note
A. debit drawings account, credit purchases account B. debit purchases account, credit sales account C. debit sales account, credit drawings…