Collection of account receivable will

Related Mcqs:

Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?

A. Purchase journal B. Sales return journal C. General journal D. Cash receipt journal...

Fresh capital introduction will increase____________?

A. Assets and liabilities B. Assets and equity C. Liabilities and equity and bank balance D. Capital and liabilities...

The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account?

A. Sales B. Purchases C. Inward returns D. Closing stock...

Which of these types of expenditure would not be treated as a Capital Expenditure?

A. Acquisition of an Asset B. Extension of an Asset C. Improvement of the existing Asset D. Maintenance of the Asset...

____________is also known as Appraisal system of depreciation?

A. Inventory system B. Survey system C. Annuity system D. Insurance...