At the time of preparation of financial accounts, bad debt recovered account will be transferred to?

Related Mcqs:

Which of the following will affect the agreement of a trial balance?

A. Complete omission of a transaction B. Partial omission of a transaction C. Error of principle D. Compensating errors...

Financial statements differ from management account because

A. They are mainly prepared for external users of financial information B. They are more complex and hard to prepare C. The are the summary of accounting data D. The are prepared on basis of actual concept...

Which of the following items should not be capitalized relating to fixed assets?

A. Interest payable on loans or deferred credits taken for the acquisition or construction of fixed assets before they are ready for use B. Stand by equipment and servicing equipment C. Expenditure incurred on test runs and experimental production D. Administration and general expenses...

Which of these items are taken into consideration for preparation of adjusted Cash Book

A. Mistake in Cash Book B. Mistake in Pass Book C. Cheque issued but not presented for payment D. Cheques deposited but not cleared...

Tax deducted at source A/c appears in___________?

A. Assets side B. Liability side C. Profit & Loss A/c D. Debited to Capital A/c...