Which of these will not appear in the preparation of cont...
Which of these will not appear in the preparation of control account?
I. Bad debts
II. Discounts
III. Returns
IV. Provision for bad debts
I only
II and III
I and III only
IV only
Correct answer is D
Provision for bad debts and trade discount allowed will not appear in the account.
Which of the following is not an instrument for controlling public expenditure? ...
Which of the following is a capital expenditure? ...
What is the value of stock as at the end of July 10 using FIFO? ...
A sales for N2,570 was recorded in the day book as N2,750. The error committed was ...
Profit expressed in relation to cost of goods sold is ...
In what way can goodwill be written off in a partnership business? ...
Entries in the purchase journal are transferred to the ............. ...