Uncredited cheques refer to cheques not yet credited
In the cash book
By the bank
By the drawer
In the ledger
Correct answer is A
No explanation has been provided for this answer.
An effect of increase in the provision for depreciation is
Decrease in gross profit
Increase in net profit
Increase in gross profit
Decrease in net profit
Correct answer is C
No explanation has been provided for this answer.
The partner whose liability goes beyond his capital is a
Nominal partner
General partner
Limited partner
Dormant partner
Correct answer is B
No explanation has been provided for this answer.
i only
ii only
i and ii only
i and iii only
Correct answer is D
No explanation has been provided for this answer.
Debtors Control Account is kept in the
Sales ledger
Nominal ledger
Personal ledger
General ledger
Correct answer is A
No explanation has been provided for this answer.