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Financial State...

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  • Question 1
    1 / -0

     When income is received but the whole amount of it does not belong to the current period it is called as:

  • Question 2
    1 / -0

    What are the other names for income received in advance?

  • Question 3
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    Income received in advance will be deducted from _______. 

  • Question 4
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    Accrued income will appear on the ____ side of the balance sheet. 

  • Question 5
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    The account of accrued income will be shown on _________ side.

  • Question 6
    1 / -0

    Reserve for doubtful debts is created when recovery of bad debts is _________.

  • Question 7
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    Depreciation is charged beacuse of ___________.

  • Question 8
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    If the amount of bad debts appears in trial balance it is only recorded on ________.

  • Question 9
    1 / -0

    Depreciation is treated as a business expense and is debited to ________.

  • Question 10
    1 / -0

    Reserve for doubtful debts is made out of __________  profit .

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