Commerce: Accounts MCQs
31. Question
The books of accounts of Z Limited show that the balance of Sunday debtors is rupees 50000 and the reserve for doubtful debts is rupees 2000. Later later the management of the company realize that debits of the extent of rupees 1000 will become bad. It was decided to create a reserve at 5% on debtors. The amount of Reserve for doubtful debts to be shown in the profit and loss account is
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32. Question
A passbook is a copy of
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33. Question
The debit balance as per the cash book of ABC Enterprises as on 31.3.2005 is Rupees 1500. Cheque deposited but not cleared amounts to rupees 200 and cheque issued but not presented of rupees 150. The bank allowed interest amounting to rupees 50 and collected dividend rupees 50 on behalf of ABC Enterprises. Balance as per pass book should be
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34. Question
When the balance as per pass book is the starting point, uncollected cheques are
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35. Question
The rebate on a bill shows that
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