Provision for discount on debtor on debtors is to be
...Provision for discount on debtor on debtors is to be
Debited to profit and loss account
Credit to profit and loss discount
Debit to debtors account
Debited to provision for bad debts account
Correct answer is A
No explanation has been provided for this answer.
When the debit side total of an account, it means that the account has ...
An item in the balance sheet of a limited liability company is ...
Items shown in the balance sheet as asset includes ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & & &a...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
The major objective of departmental accounts is to ascertain the? ...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...