A. That have been recorded in the cash book but not by the bank B. That have been received by…
A. Cheque B. Payment voucher C. Debit note D. Credit note Correct Answer: Option D D. Credit note Explanation Overcasting…
A. Capital + assets = liabilities B. Assets - liabilities = Capital C. Liabilities + Current Assets = Fixed assets…
A. Debit sales account and credit debtors account B. Debit suspense account and credit sales account C. Debit debtors account…
A. Capital B. Cash C. Drawings D. Premises Correct Answer: Option A A. Capital Explanation Normal balance is the side…
A. Real account B. Personal account C. Nominal account D. Profit and loss account Correct Answer: Option C C. Nominal…
A. Credit sales account and debit cash account B. Credit plant and machinery account and debit Wilson's account C. Credit…
A. Sales journal B. Purchases account C. Cash account D. Return inwards journal Correct Answer: Option B B. Purchases account…
A. debtors account, credit sales account B. creditors account, credit sales account C. sales account, credit debtors account D. sales…
A. Plant account B. Salaries account C. Creditors account D. Trading account Correct Answer: Option B B. Salaries account Explanation…