Which of the following statements is true?
A) Provision for doubtful debts represents the amount that cannot be collected
B) Cash balance on hand shows whether the business has earned Profit or Loss
C) Free samples received are business gains
D) The WDV of an asset depreciated on the reducing balance method can never become zero
Correct Answer:
Verified
Q3: Gross Profit is equal to
A)Sales - Cost
Q4: Which of the following shall not be
Q5: Which of the following equations is correct?
A)Gross
Q6: Which of the following is not true
Q7: The Profit and Loss Account shows the
A)Financial
Q9: Cash Profit is
A)Net profit - Non-trading Profit
Q10: Which of the following will not appear
Q11: Which of the following is not a
Q12: If unexpired insurance appears in the Trial
Q13: Which of the following are/is not a
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