Opening balance (bal b/d) in Trade receivables account is
Control accounts
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Control accounts
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opening balance (bal b/d) in Trade payables account is
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Irrecoverable debt is
Debit to trade payables
Debit to trade receivables
Credit to trade payables
Credit to trade receivables
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payment to suppliers is
Debit to trade payables
Debit to trade receivables
Credit to trade payables
Credit to trade receivables
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Receipt from customer is
Debit to trade payables
Debit to trade receivables
Credit to trade payables
Credit to trade receivables
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Purchases is
Debit to trade payables
Debit to trade receivables
Credit to trade payables
Credit to trade receivables
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales is
Debit to trade payables
Debit to trade receivables
Credit to trade payables
Credit to trade receivables
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