A. Account payable
B. Account receivable
C. Cash account
D. Discount account
Related Mcqs:
- Discount for quick repayment of debt is normally referred as____________??
- Discount allowed is___________??
- Which of the following accounts will be credited if a company purchases building for cash??
- Cash discount is allowed on _______ repayment of debt.?
- Cash book with cash and discount column is mostly referred as________??
- Which of the following account with normal balance is shown at the debit side of a trial balance??
- A cash book with cash, bank and discount column is commonly referred as________??
- The concession received on the price of defective goods is called:?
- The most common imprest system is the ________ system??
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book??
