An increase in provision for bad debt 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...

In which of the following orders data is entered in journal?

A. Alphabetical order B. Numeric order C. Bullets order D. Chronological order...

The periodic total of sales day book is posted to___________?

A. Sales A/c B. Cash sales A/c C. Sales return A/c D. Credit sales A/c...

Investment in own share A/c appears in____________?

A. Asset side B. Liability side C. Netted from Capital D. Profit & Loss A/c...

In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?

i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account A. Only (i) above B. Both (ii) and (iv) above C. Both (i) and (iii) above D. Both (i) and (iv) above...