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44.Which of the following is a closing entry?Required to answer. Single choice. (3 Points) Debit unearned revenue; credit revenue Debit insurance expense; credit pre-paid insurance

44.Which of the following is a closing entry?Required to answer. Single choice.

(3 Points)

Debit unearned revenue; credit revenue

Debit insurance expense; credit pre-paid insurance

Debit cash; credit unearned revenue

Debit wages expense; credit wages payable

Debit P&L: credit wages payable

Debit P&L: credit Wages

46. Which of the following item is not included in the Cash Book?Required to answer. Single choice.

(2 Points)

Purchases of Rs. 10,000 on cash

Sales of Rs.5,000 on cash

Received cash for Salman Rs. 2,000

Credit sales of Rs. 22,000

47.You owed MR.X 50,000 at end of March, on 1st May you decided to settle your account with MR.X and paid him cash, he allowed you discount of 1000. the correct Journal entry for the transaction should be:Required to answer. Single choice.

(3 Points)

DEBIT MR.X 50000, CREDIT Cash 49000, CREDIT Discount received 1000

DEBIT MR.X 49000, CREDIT Cash 49000,

DEBIT MR.X 51000, CREDIT Cash 50000, CREDIT Discount received 1000

DEBIT MR.X 50000, CREDIT Cash 50000

JUST THE ANSWERS NO EXPLANATION IS NEEDED THANKYOU.

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