Question

Question 4 Not yet answered Marked out of 1.00 P Flag question 34. C3.ln a Debtor Control Account the Bad Debts written off should be shown in the account Select one: a. As a balance carried down O b. Both as a debit and as a credit O c. As a credit O d. As a debit

Answer 1

13)correct option is "C"-credit

entry :

Allowance for doubtful account Debit

Accounts receivable (Debtor control) credit

14)correct option is "A" -

Accrual accounting is more complicating than cash accounting as adjusting enteries are required to made at year end for revenue that is earned and expenses that is incurred but not received or paid. (which is not required in cash accounting)

11)correct opion is "A"

Accounts payable will be classified as liabilities