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Q. Where do we show Provision of bad debts in final accounts if given in adjustments? I)Debit side of P&L II)Credit side of P&L III)Deduct from Debtors in Balance Sheet IV)Add to Debtors in Balance Sheet

Q. Which is correct. I)Dr. the receiver,Cr. the Giver II)Dr. what goes out,Cr. what comes in III)Dr. all Expenses,Cr.All Losses

Q. Which of the following is not the external user of accounting information?

Q. When Salary is paid by cheque, which account is credited.

Q. In trial balance, which accounts with is/are recorded at the credit side? I)Sales II)Sales return III)Cash IV)Loan

Q. Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs Calculate depreciation as per SLM method

Q. Goods destroyed by fire should be credited to

Q. The respective normal account balances of Sales, Sales Returns , and Discounts allowed are?

Q. The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as?

Q. According to which principle the same accounting methods should be used each year: