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Bad Debts Written Quiz

Which of the following rectifying entry will be recorded, if sales to Mr. “A” of $336 have been debited to Mr. “B” account?

Which of the following account(s) will be affected, while rectifying the error of sales Rs.100 to Mr. “A” recorded in the purchases book?

Which of the following is shown on credit side of creditors control account?

Which of the following is NOT based on the concept of double entry book keeping system?

Bad Debts written off are given in adjustment, then which of the following entry for bad debts written off is CORRECT?

Stock of Trading concern consists of:

cost of goods sold statement the ‘cost of goods manufactured’ is equal to:

What would be the value of total factory cost, if the cost of material consumed during the month is $ 6,000, labor cost incurred is $2,000 and the factory over head cost is $ 2,500?

Which of the following item appears in Trading Account of a business?

The cost of sales is $60,000, sales are $95,000 and operating expenses are $20,000 during the year, what would be the value of Gross Profit?

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