The creation of provision for doubtful debts given as an adjustment requires____________?

✅ B. Differential costs

Option A : Relevant costs Option B : Differential costs Option C : Target costs Option D : Sunk costs Correct Answer : Differential costs Read more

✅ B. Bank overdraft

Option A : Surplus cash Option B : Bank overdraft Option C : Terms deposits with bank Option D : None of these Correct Answer : Bank overdraft Read more

✅ C. Ledger

Option A : Subsidiary books Option B : Journal Option C : Ledger Option D : Trial Balance Correct Answer : Ledger Read more

✅ A. Written down to zero or its scrap value

Option A : Written down to zero or its scrap value Option B : Shown in the Balance Sheet at its replacement cost Option C : Shown in the Balance Sheet at cost, but classified as a non-current asset Option D : Carried in the accounting records at cost until it is sold Correct Answer : Written down to zero… Read more

✅ C. Outstanding checks

Option A : Uncollected checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Read More Details about this Mcq Correct Answer : Outstanding checks Read more

✅ C. distribution cost.

Option A : prime cost. Option B : factory cost. Option C : distribution cost. Option D : production cost Correct Answer : distribution cost. Read more

✅ B. Payments

Option A : Receipts Option B : Payments Option C : Income Option D : Expense Correct Answer : Payments Read more

✅ D. Error of principle involves an incorrect allocation of expenditure or receipt between capital and revenue

Option A : Error of casting affects personal accounts Option B : Omission of a transaction from a subsidiary record affects only one account Option C : Error of carry forward affects two accounts Option D : Error of principle involves an incorrect allocation of expenditure or receipt between capital and revenue Correct Answer : Error of principle involves an… Read more