Under debtors system depreciation on fixed asset is ________

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?
• Provision for discount on debtors is calculated on the amount of 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?
• Under debtors system which account is prepared by head office to calculate profit or loss of each branch:
• When an asset is acquired on hire purchase system, the asset account is debited with _______ of the assets in the books of the hire purchaser.
• The depreciation on an asset purchased through hire purchase should be:
• Stock and debtors system is generally used when goods are sent to the branch at _____
• Under fixed capital methods, profit will be credited to:
• The depreciation in the books of buyer is charged on _________
• Hirer charges depreciation on: