Accounts receivable normally has ……………………. Balance

Related MCQs

• Accounts payable normally has ……………………….. balnce.
• Book debts normally has ……………………… balance.
• M/s. A.B. Enterprises has bank balance 8,800 as per cash book and the followings were found: (a) Three cheques deposited in bank for 5,800 but only one cheque for 2,000 was cleared. (b) Dividend collected by Bank 1,250 was wrongly entered in cash book as 1,520. What is balance as per pass book?
• At the time of preparation of financial accounts, balance of Bad Debts Recovered Account will be transferred to
• Which of the following lists the balance and the title of accounts in the ledger on a given date?
• Bills Receivable books is part of the
• At the en d of the accounting year bills receivable discounted were 32,000 would be shown
• There are 250 members in the Srikrishna Clu b where annual subscription is 500. During 2016-17, subscription received 97,500 and subscription receivable is 47,500. What amount of subscription received in advance during 2016-17?
• Which balance is not considered for closing entries on t he basis of trial balance for transferring to Trading and Profit & Loss Account?
• Bank overdraft has a ………………………….. balance