Sales return is deducted from? Select one: a. Purchases b. Sales C. Cash O d. Goods The entry for cash sales: Select one: a. Sales Debit , Account payable Credit b. Sales Debit, Cash Credit c. Debtors Debit, Sales Credit d. Cash Debit, Sales Credit If you want post them to the ledger Cash A/c Dr 50000 To Capital 50000 Bank A/c Dr 5000 To Cash A/c 5000 The balance of cash is: Select one: a. Debit 50000 b. Debit 45000 c. Credit 45000 d. Credit 50000 Expenditure that increases earning capacity called? Select one: a. Capital expenditure b. Administrative expenses c. Revenue expenditure d. Marketing expenses The costs associated with a printing machine on December 10 are: List price JDs 10000; Trade discount JDs 100; Tax's JDs 300; Freight JDs 1000. How much the cost of acquisition of the machine would be? Select one: a. 11200 JDs b. 10000 JDs c. 11400 JDs d. 8600 JDs A Trial Balance can be prepared at any time after closing the ledger accounts. Select one: a. True b. False The Profit and Loss Account is a ? Select one: a. Nominal A/C b. Real A/C c. Personal A/C d. Tangible A/C If an account is wrongly debited you must credit that account. Select one: a. False b. True The company received on account fro Ahmad A/c Dr 100 To Cash Select one: a. False O b. True Trading Account shows the results of buying and selling of goods. Select one: a. True b. False In income statement if the net sale 100000 JDs and the cost of goods sold 50000 JDs and the expense is 10000 JDs. The net profit is? Select one: a. 60000 JDs b. 40000 JDs c. 50000 JDs d. 100000 JDs Every transaction will affect how many accounts? Select one: a. None of all b. Two or more c. Only one d. Only two