Accounts payable normally has ……………………….. balnce.

Related MCQs

• Accounts receivable normally has ……………………. Balance
• Book debts normally has ……………………… balance.
• Del Credere Commission in consignment business is generally payable on
• At the time of preparation of financial accounts, balance of Bad Debts Recovered Account will be transferred to
• On receipt of goods from the consignor the consignee debits which of these accounts?
• Which of the following lists the balance and the title of accounts in the ledger on a given date?
• ……………… is the collection of all accounts.
• If a sum of 1,500 received from Laxman (debtor) has not been recorded in the books, the
• An entry of 1,560 has been debited to a Debtor’s Personal Account at 1,650. It is an error of
• 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?