A: Sales returns
B: Refunds of customer over‐payments
C: Contras
D: Irrecoverable debts
举一反三
- Which of the following would not be found on the credit side of the receivables control account? A: Irrecoverable debts B: Sales C: Cash received D: Returns
- Which TWO of the following are credit entries in the receivables ledger control account? A: Cash paid to credit suppliers B: Discounts received C: Irrecoverable debts D: Sales returns from credit customers
- A business discovers that a customer has become bankrupt. The customer owes the business $2,360. If sales tax is 20%, what accounting entries are necessary? A: DR Irrecoverable debts: $2,360, CR Receivables: $2,360 B: DR Irrecoverable debts: $1,888, DR Sales tax: $472, CR Receivables: $2,360 C: DR Irrecoverable debts: $2,360, CR Sales tax: $393.33, CR Receivables: $1,966.67 D: DR Irrecoverable debts: $1,966.67, DR Sales tax: $393.33, CR Receivables: $2,360
- Which of the following items will not appear in a receivables control account? A: Discount allowed. B: Bad debts written off. C: Increases in the allowance for debtors. D: Allowance to credit customers.
- The balance on the receivables control account should be reconciled to which of the following? A: The sales day book B: The receivables ledger C: Invoices and remittance advices D: The cash book
内容
- 0
Which one of the following is not a purpose of a receivables ledger control account?
- 1
- Which of the following is the balance b/d in the Trade Receivables Control Account A: €133,500 B: €136,000 C: €153,500 D: €152,500
- 2
Which one of the following is not the purpose of a receivables ledger control account? A: A receivables ledger control account provides a check on the arithmetical accuracy of the personal ledger. B: A receivables ledger control account helps to locate errors in the trial balance. C: A receivables ledger control account ensures that there are no errors in the personal ledger. D: Control accounts help deter fraud
- 3
Which of the following is NOT the purpose of a receivables control account? A: A receivables control account ensures that there are no errors in the personal ledger. B: A receivables control account help to locate errors in the trial balance. C: A receivables control account provides a check on the arithmetical accuracy of the personal ledger. D: Control accounts deter fraud.
- 4
A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000