Which of the following belongs to the normal ledger?
Salaries account
Fixtures account
Stock account
Debtors account
Correct answer is A
No explanation has been provided for this answer.
Discounts allowed is charged to
Trading account
Balance sheet
Current account
Profit and loss account
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a liability?
Accrued wages
Rent arrears
Prepayment
Insurance due but unpaid
Correct answer is C
No explanation has been provided for this answer.
The source document sent by the seller to the buyer when goods are returned is
Credit note
Purchase invoice
Sales invoice
Debit invoice
Correct answer is A
No explanation has been provided for this answer.
Rent Payable Account is an example of a
Nominal account
Real account
Personal account
Private account
Correct answer is A
No explanation has been provided for this answer.