Provision for discount on debtors is calculated on the amount of debtors.

Related MCQs

• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?
• Stock and debtors system is generally used when goods are sent to the branch at _____
• Under debtors system which account is prepared by head office to calculate profit or loss of each branch:
• Under debtors system depreciation on fixed asset is ________
• A company can issue share at a discount if
• To issue shares on Discount mean
• Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______
• Profit and loss is calculated at the stage of
• Under hire purchase system, interest is calculated on _______