When provision is made for doubtful doubt, the accounting...
When provision is made for doubtful doubt, the accounting entries are
Debit profit and loss account; credit provision for doubtful debt account
Debit debtors account; credit trading account
Debit profit and loss account ; credit sales account
Debit trading account; credit debtors account
Correct answer is A
No explanation has been provided for this answer.
Cash discount received would be shown in the i. cash book ii. discount received accoun...
The quality of output information depends on the ...
.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7,800.............
Benefit enjoyed for which payments have not been made are? ...
The reduction in value of goodwill is ...
........................31/12/08...........31/12/09 Furniture and fittings..N21,000,............N...
Which of the following is not a feature of accounting information? ...