Bills receivable as endorsed is debited to
A) creditors account
B) bills receivable account
C) debtors account
D) bills payable account
Correct Answer:
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Q27: In capital comparison method gross profit=
A)excess of
Q28: Incomplete records are maintained usually by a
A)company
B)government
C)sole
Q29: Creditors account is prepared to ascertain
A)cash purchases
B)cash
Q30: To find out credit sales which account
Q31: Cash paid to creditors + closing creditors
Q33: Bills payable honored during the year will
Q34: Cash paid to creditors can be calculated
Q35: Bills payable dishonored during g the year
Q36: Rent and rates are apportioned to different
Q37: The turn over ratio is used for
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