Which of the following will not appear in the Trade receivables control account? (a) Amounts received from

Question:

Which of the following will not appear in the Trade receivables control account?

(a) Amounts received from credit customer

(b) Cash sales

(d) Bad debts written off

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 30, 2023 08:26 AM

See More Questions

1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...
86. Which of the following is not classified as plantassets? Multiple Choice a. Land. b. Land improvements. c. Buildings. d. Machinery and equipment. e. Patent. 87. The following statements regarding...
An AC signal (Vo,f) = (28.3V, 50Hz) is connected across a 100 mH inductor. 1. Calculate the current (rms) in the circuit 2. What is the power dissipated in the inductor? V 28.3V 50Hz L V, 100mH
Identify in which ledger (general or subsidiary) each of the following accounts is shown: 1. Rent Expense 2. Accounts Receivable-Chen 3. Bank Loan Payable 4. Service Revenue 5. Salaries Payable 6....
Maribeths Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.55 for 500 and $0.50 for 600. Required If the total cost...
The relationship between the diameter of a spot weld, x, and the shear strength of the weld, y, is very useful. The diameter of the spot weld can be measured after the weld is completed. The shear...
(a) To what angle $\theta_{\max }$ does a coefficient of static friction of 1 correspond? (b) Put, in turn, a coin, a paper clip, a cell phone, and a comb on the cover of this book and tilt the...
The declaration, record, and payment dates in connection with a cash dividend of $187,500 on a corporation's common stock are July 10, August 9, and September 18. Journalize the entries required on...
What industry is Airbnb in? Is Airbnb in a risky industry? Why/when Airbnb begin its operations? Has Airbnb announced an IPO, or possibly a SPAC deal, since it received its initial funding? If now...
Carmen owes his suppliers 224,200 on 1 March 2012. His transactions include those stated. Required: Ascertain the Purchase ledger control account balances as at 31 March and 30 April 2012.
The following errors have been discovered: (a) An invoice for 654 has been entered in the Purchases Day Book as 456. (b) A prompt payment discount of 100 from a supplier has been completely omitted...
Evaluate the integral for the given data. Describe the kind of surface. Show the details of your work. F = [y 2 , x 2 , z 4 ], S: z = 4 x 2 + y 2 , 0 z 8, y 0
a. Using Exercise 39 and other equivalences, prove that the negation of $A ightarrow B$ is equivalent to $A \wedge B^{\prime}$ b. Write the negation of the statement "If Sam passed his bar exam,...
Outline the main steps in developing a class diagram for a use case.
What is the purpose of the statement of total recognised income and expenses?
As compared to a closed-loop system, an open-loop system is: (a) more stable as well as more accurate (b) less stable as well as less accurate (c) more stable but less accurate (d) less stable but...
Use induction to prove the identity. $F_{n+1} F_{n-1}=F_{n}^{2}+(-1)^{n}$. For the induction step, show that \[ \begin{aligned} F_{n+2} F_{n} & =F_{n+1} F_{n}+F_{n}^{2} \\ F_{n+1}^{2} & =F_{n+1}...
Milea Inc. experienced the following events in 2016, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the...
Assume Eq. 6-14 gives the drag force on a pilot plus ejection seat just after they are ejected from a plane traveling horizontally at 1300 km/h. Assume also that the mass of the seat is equal to the...
What conditions must be met for an award to qualify for an exclusion under Sec. 74?
Which of the requirements for the Sec. 74 awards exclusion most severely limits its use? Does the exclusion benefit taxpayers more if they itemize their deductions or use the standard deduction?
a. Define the term scholarship as it is used in Sec. 117. b. If a scholarship covers room and board, is it excludable? c. If an employer provides a scholarship to an employee who is on leave of...
Consider the following table of trades in the 7225 call option on the SP1200 futures contract. What trade is required to close out this position if that trade was made on the same day the above...
In early April 2022, Atlas Group is trading at $176.12. Atlas Group has a volatility of 32%. What is the price of the 213 day put and call options over this stock that have a strike price of $180,...
Terrell and Natalia enter into a contract that requires Terrell to tutor(teach) Natalias daughter, Monique, in chemistry and math during Moniques sophomore year in high school. Natalia drafts the...

Which of the following will not appear in the Trade receivables control account? (a) Amounts received from

Question:

Step by Step Answer:

b ...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions