Place a tick in one of the following grids to identify which of the four alternatives is

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Place a tick in one of the following grids to identify which of the four alternatives is the correct analysis of the side in which the items listed below will appear in a Trade receivables control account.

(i) Cash sales

(ii) Credit sales

(iii) Discount allowed

(iv) Carriage inwards

(v) Reversal of discount allowed

(vi) Receipts from credit customers

(vii) Allowance for doubtful debts

(viii) Recovery of bad debt previously written off

(ix) Offset by contra

(x) Return inwards

(xi) Return outwards

(xii) Bad debt written off

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Related Book For  book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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