Subscription in advance is an example of
Payment
Accrual
Debtors
Provision
Reserves
Correct answer is B
No explanation has been provided for this answer.
The accounting entries required for increase in provision for doubtful debts are
Debit profit and loss account, credit provision for doubtful debts account
Credit provision for doubtful debts account; debit profit and loss account
Credit trading account; credit provision and doubtful debts account
Credit trading trading account; debit provision for doubtful debts account
Credit debtor's account; debit provision for doubtful debts account
Correct answer is A
No explanation has been provided for this answer.
Ordinary entry
Omission
Commission
Compensation
Principle
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a debit entry on a sales ledger control account?
Goods sold
Cash received
Dishonoured cash
Payment to debtors for claim
Interest charges
Correct answer is B
No explanation has been provided for this answer.
The reward given to a debenture holder is called
Profit
Reserve
Premium
Dividend
Interest
Correct answer is E
No explanation has been provided for this answer.