When the financial statements are prepared, the Bad Debts Account is closed by a transfer to the
A. Balance Sheet
B. Profit and Loss Account
C. Trading Account
D. Al lowance for Doubtful Debts Account
查看答案
An Allowance for Doubtful Debts is created
A. When debtors become bankrupt
B. When debtors cease to be in business
C. To provide for possible bad debts
D. To write-off bad debts
Given the following, what is the amount of Capital? Assets: Premises £20,000; Inventory £8,500; Cash £100. Liabi lities: Accounts payable £3,000; Loan from A. Adams £4,000
A. £21,100
B. £21,600
C. £32,400
D. £21,400
Which of the following is correct?
A. Profit does not alter capital
B. Profit reduces capital
Capital can only come from profit
D. Profit increases capital
Which of the following best describes a trial balance?
A. It shows the financial position of a business
B. It is a special account
C. It shows all the entries in the books
D. It is a list of balances on the books
微信支付 
支付宝支付