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Q. ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper

Q. Weighted average method of calculating goodwill is used when Sol:

Q. Provision for bad debt is made as per the

Q. Rent and rates are apportioned to different departments on the basis of

Q. . ……………is the party who undertakes the risk in insurance.

Q. Interim dividend paid is always shown

Q. In the creditors control account, all of the below exist except:

Q. A person who take property on lease is called customer Sol:

Q. As per Table A of the companies act, the interest on calls in advance is

Q. Which of the following does not include under the head “other asset”