Lecturer Commerce Solved Past Paper MCQs Online Test No. 34

The amount setting a side out of profit for a possible loss or liability is called as:

The bad debts which are appearing in the trial balance only to be debited to:

Adjusting entries are made at the end of each business:

In balance sheet rent outstanding should appear on:

The debts, the recovery or realization of which is doubtful or uncertain, are known as:

The debts which cannot recovered from the debtors, are called:

Bad debts is debited to:

Net loss is always:

In balance sheet, pre received income is shown on:

No adjustment is required for any bad debt which is appearing already in the:

Provision for doubtful debts is debited to:

When a customer became business debtor the amount due from him is called:

Bad debt recovered is credited to:

Bill for repairs not yet paid is:

While making an adjusting entry in respect of closing stock, we debit:

From the business point of view, the discount allowed to customers is:

Bad debts is a business:

While making an adjusting entry in respect of interest on capital, we credit:

Net profit is always:

Wages paid for installing a machine should be debited to:

Provision, for bad debts account normally has a:

While making the adjusting entry in respect of depreciation, machinery account is:

Outstanding Wages are shown as:

Business give a cash discount, on making prompt paying to its:

In balance sheet prepaid expenses should be appear as: