Hamad Accounting Mcqs 19/04/2021 A. 50,000 B. 55,000 C. 60,000 D. 65,000 Related Mcqs: Sales on credit is recorded in which of the following journal?A. Purchase journal B. Sales journal C. Purchases return journal D. Sales return journal... Which of the following is a liability?A. Cash B. Equipment C. Debtors D. Creditors... An increase in provision for bad debt will____________?A. Decrease net income B. Decrease liabilities C. Increase net income D. Increase liabilities... Closing stock in the Trial Balance implies that______________?A. It is already adjusted in the opening stock B. It is adjusted in the Purchase A/c C. It is adjusted in the Cost of Sale A/c D. It is adjusted in the Profit &Loss A/c... Outstanding salaries is shown as___________?A. An Asset in the Balance Sheet B. A Liability C. By adjusting it in the P & L A/c D. Both B. and C. above...
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