Multiple Choice
At the end of the financial year the entries regarding bad debts are:
A) Dr. Income statement account Cr. Bad debts account
B) Dr. Bad debts account Cr. Income statement account
C) Dr Trade receivables account Cr. Provision for bad debts account
D) Dr. Provision for bad debts account Cr. Income statement account
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which of the following errors will cause
Q7: Which of the following is not an
Q8: It is important to prepare a trial
Q9: Which of the following is a reversal
Q10: A trial balance failed to agree. The
Q11: An error of original entry would occur
Q12: A trial balance failed to agree. The
Q13: What is the correct closing description for
Q14: When preparing financial statements, the bad debts
Q15: What is the balance brought down on