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.
A: Discount allowed.
B: Bad debts written off.
C: Increases in the allowance for debtors.
D: Allowance to credit customers.
举一反三
- Under and allowance method of accounting for bad debts , the entry made when an account is written off is
- 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
- When the allowance method is used for bad debts ,the entry to write off an individual account known to be uncollectible involves a
- 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 one of the following items should not be credited to the trade receivables control account? A: Sales returns B: Refunds of customer over‐payments C: Contras D: Irrecoverable debts