Principles of Accounting

Cash discount is provided on _______________?

A. Purchases B. Prompt payment C. Sales D. Sales return

7 years ago

Goods return to customer are known as:

A. Merchandise return B. Purchase return C. Return inwards D. Sales return

7 years ago

The unsold goods are ______________?

A. Equity B. Sale return C. Inventory D. Purchases

7 years ago

The excess of current assets over current liabilities is called:

A. Working Capital B. Circulating capital C. Fixed capital D. Trading capital

7 years ago

The systems of accounting are _____________?

A. Two B. Three C. Five D. Six (more…)

7 years ago

The concession received on the price of defective goods is called:

A. Discount B. Cash discount C. Allowance D. Trading discount

7 years ago