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Accounting MCQs
Accounting Mcqs
Q
Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:
AA. Adding 2,200 to closing stock
BB. Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales
CC. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
DD. Deducting 1,800 from debtors
Correct Answer:
C. C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
