Creditors account is prepared to ascertain
A) cash purchases
B) cash sales
C) credit sales
D) credit purchases
Correct Answer:
Verified
Q24: The system of keeping incomplete record is
Q25: The trial balance of the accounts of
Q26: Opening statement of affairs is prepared to
Q27: In capital comparison method gross profit=
A)excess of
Q28: Incomplete records are maintained usually by a
A)company
B)government
C)sole
Q30: To find out credit sales which account
Q31: Cash paid to creditors + closing creditors
Q32: Bills receivable as endorsed is debited to
A)creditors
Q33: Bills payable honored during the year will
Q34: Cash paid to creditors can be calculated
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