43
Which of the following is an example of direct expense?
- A. Royalties
- B. carriage inwards
- C. carriage outwards
- D. manufacturing wages
44
Which of the following is not one of the uses of a journal proper? To record
- A. small and repetive cash disbursements
- B. purchases day book
- C. writing off bad debts
- D. debtors and creditors
45
Which of the following is found in the private ledger?
- A. rent account
- B. sales account
- C. drawings account
- D. bank account
46
A trial balance is a list of
- A. current assets
- B. current liabilities
- C. debit and credit balances
- D. debtors and creditors
47
Which of the following is not contained in a journal? To record
- A. small and repetive cash disbursemens
- B. purchase and sale of fixed assets on credit
- C. writing off bad debts
- D. debtors and creditors
48
An allowance given to a customer by a supplier for prompt payment is
- A. trade discount
- B. discount received
- C. cash discount
- D. cash rebate
49
The systematic recording of business transactions is
- A. auditing
- B. book-keeping
- C. debiting
- D. crediting