Credit sales can be ascertained by preparing
A) Creditors account
B) Debtors account
C) Both of the above
D) None of the Above
Correct Answer:
Verified
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
Q28: Bill dishonored is shown in
A)Bills receivable account
B)Bills
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
Q34: Net Profit under single entry system is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents