Accounts - Principles of Accounts Questions
Question 1566:
The accounting entries required for increase in provision for doubtful debts are
- A Debit profit and loss account, credit provision for doubtful debts account
- B Credit provision for doubtful debts account; debit profit and loss account
- C Credit trading account; credit provision and doubtful debts account
- D Credit trading trading account; debit provision for doubtful debts account
- E Credit debtor's account; debit provision for doubtful debts account
Question 1567:
Subscription in advance is an example of
- A Payment
- B Accual
- C Debtors
- D Provision
- E Reserves
Question 1568:
Which of the following is an example of Personal Accounts?
- A Stock
- B Fixture
- C Equiptment
- D Rent
- E Debtors
Question 1569:
Working capital is measured by the excess of
- A Current liabilities over current assets
- B Fixed assets over current assets
- C Currents assets over current liabilities
- D Current assets over fixed assets
- E Long term liabilities fixed assets
Question 1570:
The undistributed profits of a limited liability company is
- A Goodwill
- B Working capital
- C Net profit
- D Rtained earings
- E Net loss