Which account is to be prepared to find out sales on credit?
A) Profit and Loss Account
B) Income Expenditure Account
C) Debtors Account
D) Creditors Account
Correct Answer:
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Q1: Interest on capital is calculated on which
Q2: Which account is to be prepared to
Q3: In popular single entry, following books are
Q4: Effect of dishonour of B/R is given
A)Only
Q5: Creditors account is prepared to find out
Q7: Bad Debt Return is to be credited
Q8: Generally, depreciation on fixed assets is calculated
Q9: Why opening statement of affairs is prepared?
A)To
Q10: Total amount payable less its cash price
Q11: Dipti has purchased one Machine on hire
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