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1. 2. Bad debt amount should be credited to (a) Debtors account b) Bad debts account (e) Sales account (d) Creditors account Sales made to
1. 2. Bad debt amount should be credited to (a) Debtors account b) Bad debts account (e) Sales account (d) Creditors account Sales made to Mahesh for cash should be debited to (a) Cash account 6) Mahesh Account (C) Sales account (d) Purchase account 3. 4. On the bank statement, cash deposited by the company is known as (a) Credit (b) Debit (e) Liability (d) Expenses An unadjusted balance in cash book is because of the result of which error? (a) Deposit in transit (b) The omission of Bank charges (e) Outstanding cheques (d) Unpresented cheques What type of cheques is that which is issued by a firm but not deposited to the bank (a) Uncredited cheques (b) Outstanding cheques (c) Uncollected cheques (d) Bounced cheques 5
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