Bill dishonored is shown in
A) Bills receivable account
B) Bills receivable account and Debtor account.
C) Debtor account.
D) None of the Above
Correct Answer:
Verified
Q23: When closing capital is more than opening
Q24: Which method is used under single entry
Q25: Credit purchase is determined by preparing
A)Purchase Account
B)Debtor's
Q26: Under Incomplete records only _ accounts are
Q27: Single entry system contains
A)All the relevant accounts
B)Only
Q29: Credit sales can be ascertained by preparing
A)Creditors
Q30: Credit purchases can be ascertained by preparing
A)Creditors
Q31: The advantage of a single entry system
A)It
Q32: The disadvantage of single entry system
A)Incomplete and
Q33: The content of single entry system is
A)Double
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