1. In Periodic inventory system the goods are

a.Recorded immediately as and when purchased or sold

b.Not recorded till the time sale is made

c.Recorded after some time/ period to know the closing stock

d.Not recorded till the time cost of goods are known

2. Interest on Loan account, debited by the bank will

a.Decrease in Cash book balance.

b.Decrease in Bank book balance.

c.Increase in Bank book balance.

d.Increase in Cash book balance.

3. Accounts receivable that cannot be collected due to bankruptcy or another reason are referred to as

a.Collectible accounts

b.Uncollectible accounts

c.Bad customers

d.Doubtful accounts