Which of the following is the personal ledger?
Assets account
Discount allowed account
Sales account
Discount received account
Debtors account
Correct answer is E
No explanation has been provided for this answer.
Partners salary is shown in the
Trading account
Profit and loss account
Income and expenditure
Profit and loss appropriation account
Partner's capital account
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a Nominal Account?
Electricity account
Furnitures and fittings account
Postages and telephone account
Insurance account
Discount allowed account
Correct answer is B
No explanation has been provided for this answer.
For the year ended...........19 x 1
For............19 x 1
As to.............19 x 1
In the year..............19 x 1
Up to...........19 x 1
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an asset?
Bad debt provision
Rent in arrears
Sales
Accrued wages
Insurance prepaid
Correct answer is E
No explanation has been provided for this answer.