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
• ……………. are liabilities which become due and payable within a short period.
• 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