An accrual
A provision
A current liability
A long-term liability
A current asset
Correct answer is C
No explanation has been provided for this answer.
i
ii
iii
ii and iii
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the personal ledger?
Assets account
Discount allowed account
Sales account
Discount received account
Debtors account
Correct answer is E
No explanation has been provided for this answer.
Partners salary is shown in the
Trading account
Profit and loss account
Income and expenditure
Profit and loss appropriation account
Partner's capital account
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a Nominal Account?
Electricity account
Furnitures and fittings account
Postages and telephone account
Insurance account
Discount allowed account
Correct answer is B
No explanation has been provided for this answer.