Which of the following is not applicable for discount column of two-column cash book? (a) At the

Question:

Which of the following is not applicable for discount column of two-column cash book?

(a) At the end of the period, its balance is calculated.

(b) Debit discount column is discount received.

(c) Credit discount column is discount allowed.

(d) None of these.

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

See More Books

Question Posted: Dec 13, 2023 12:23 PM

See More Questions

Consider a three-symbols alphabet with the specified probability of assignment shown below: P(X) 0.70 0.25 0.05 a b b The table below lists input alphabet with six different binary code assignments....
n Below are some computational tasks. For each one of these tasks, choose the data structure or abstract data type you feel is best suited to perform the task from the following list: Stack, Queue,...
You are expected to write a statistical interpreter that perform some statistical function by issuing commands at the command prompt. When run, your interpreter should show a prompt $ and should...
An order book displays the following information for stock ABC: Bid Shares 200 100 300 200 Price 25.76 25.66 25.62 25.54 Ask Price 25.82 25.94 25.98 26.06 Shares 100 200 200 400 What is the total...
Two connections allow contact with two circuit elements in series inside a box, but it is not known whether the circuit elements are R, L, or C. In an attempt to find what is inside the box, you make...
The block of mass M is subjected to the action of the harmonic force F = F 0 cost. Write the equation which describes the steady-state motion. Given: M = 20 kg Fo = 90 N @=6 rad S k = 400 C = 125 ZE...
In a cone clutch, a given torque can be transmitted by a relatively small axial force if the cone face angle is: (a) More (b) Less (c) Same (d) Any angle
An industry produces its products, Scruffs, at a constant marginal cost of $50. The market demand for Scruffs is equal to Q = 75000 600P. What is the value to a monopolist who is able to develop a...
7. Are there issues associated with keeping the large sum of money in accumulated earnings? The corporation has a large amount of money in retained earnings. The corporations retained earnings...
Agreeing of trial balance implies (a) Final proof of accuracy of books of accounts (b) Elementary proof of accuracy of books of accounts (c) Both of these (d) Neither of these
In a journal proper, which of the following transactions will be recorded? (a) Credit purchase of goods (b) Credit purchase of assets (c) Credit sales of goods (d) Cash payment to supplier
(a) What special controls are required by terrorism threats? (b) Why is it necessary to prevent piggybacking? (c) What advice would you give a company about CCTV? (d) What is DumpsterTM diving? (e)...
What are some developmental and lifespan areas of interest that I should keep in mind when caring for a person with Diabetes mellitus?
What has been your experience with leave benefits? What is the role of human resources in managing leave benefits? In-Text citations and references as needed from accredited academic sites.
What are the characteristic is NOT typically considered in the selection of market comparator firms
Explain the application of market research, segmentation, pricing, targeting, and positioning as they relate to a marketing plan.
Mr. Hernandez controls proxies for 40,000 of the 75,000 outstanding shares of Northern Airlines. Mr. Lueng heads a dissident group that controls the remaining 35,000 shares. There are seven board...
Ross Product, Inc., manufactures a single product with the following information for the years 2009 and 2010. Required 1. Determine the selling price variance for 2010 based on sales dollars....
The Ferris wheel in the figure has a radius of 68 feet. The clearance between the wheel and the ground is 14 feet. The rectangular coordinate system shown has its origin on the ground directly below...
Thomas Halabi is a financial executive with Sandhill Enterprises. Although Thomas has not had any formal training in finance or accounting, he has a good sense for numbers and has helped the company...
A company provided the following information: Standard fixed overhead rate (SFOR) per direct labour hour $7.00 Actual fixed overhead rate (AFOR) per direct labour hour $6.95 Actual direct labour...
Plumb Company created Stew Company as a wholly owned subsidiary by transferring assets and accounts payable to Stew in exchange for its common stock. Stew recorded the following entry when it...

Which of the following is not applicable for discount column of two-column cash book? (a) At the

Question:

Step by Step Answer:

d N...View the full answer

Financial Accounting

Students also viewed these Business questions