Multiple Choice
Provision for discount on debtors is calculated on the amount of debtors.
A) before deducting provision for doubtful debts.
B) after deducting provision for doubtful debts.
C) before deducting actual debts and provision for doubtful debts.
D) after adding actual bad and doubtful debts.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: In income measurement & recognisation of assets
Q8: Dividing the expenditure into capital and revenue
Q9: Which of the following is incorrect?<br>A)good will
Q10: The process of recording financial data upto
Q11: Profit and loss account is a<br>A)personal account<br>B)real
Q13: Human resources will not appear in the
Q14: Commission paid is a<br>A)personal account<br>B)real account<br>C)nominal account<br>D)representative
Q15: Which of the following is wrong?<br>A)all real
Q16: Which of the following is not a
Q17: Outstanding salary account is a<br>A)natural personal account<br>B)artificial