Consignee's account, credit cash account, credit cash account
Cash account, credit consignor's account
Consignee's account, credit cash account
Cash account, credit consignee's account
Account sales, credit consignee's account
Correct answer is A
No explanation has been provided for this answer.
Which of the following does a consignee prepare and send to his consignor?
Account receivable
Current account
Account payable
Account sales
Consignment account
Correct answer is D
No explanation has been provided for this answer.
The aggregate of amounts owed to a business by is customers is known as
Accounts receivable
Account current
Accounts payable
Accumulated fund
Debtors' fund
Correct answer is A
No explanation has been provided for this answer.
The maximum amount which a company can raise by way of selling share is
Issued capital
Working capital
Paid-up capital
Shareholders capital
Authorized capital
Correct answer is E
No explanation has been provided for this answer.
A fund established for the payment of minor expenses is
Cash discount
Cash flow
Petty cash
Accumulated fund
Reserve
Correct answer is D
No explanation has been provided for this answer.