Which of the following is a debit entry in debtors control account?
Credit sales
Bad debts
Returns inwards
Discounts allowed
Correct answer is A
No explanation has been provided for this answer.
Final accounts of a not-for-profit making organization is made up of
Subscription accounts and income and expenditure accounts
Subscriptions accounts and balance sheet
Income and expenditure account and balance sheet
Receipts and payments account and income and expenditure account
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a characteristic of a computer?
Large storage capacity
Very fast
Highly accurate
Highly diligent
Correct answer is C
No explanation has been provided for this answer.
Returns inwards is also called
Purchases returns
Sales returns
Goods on sales or return
Goods in transit
Correct answer is B
No explanation has been provided for this answer.
In the preparation of manufacturing accounts, prime cost plus factory overheads equal to cost of
Materials available
Production
Sales
Materials used
Correct answer is B
No explanation has been provided for this answer.