14 Which of the following is issued by a company to the responsible staff in order to establish a petty cash fund? d out of a. Cheque payable b. Promissory note Oc. Cheque receivable O d. Demand draft Which method of estimating uncollectible accounts does not take the previous balance in the allowance account in to consideration? a. Percentage of account receivable method b. All the options c. Account receivable aging method d. Percentage of sales method Which of the following could be a transaction document for credit sales? a. Notes receivable b. Bills discounted C. Notes payable d. Invoice Any amount by which capital at the end of a period exceeds the amount required to maintain opening capital is a. Profit b. Asset C. Loss d. Liability