Credit Side – NBC Institute

FA – Nov 2020 – L1 – SA – Q17 – Control Accounts

Identifies items recorded on the credit side of a receivables ledger control account.

Question

Which of the following would be on the credit side of the receivables ledger control account?

I. Cash received
II. Irrecoverable debts
III. Discount allowed
IV. Sales

A. I, II, and III
B. I, III, and IV
C. II and IV
D. I and IV
E. I, II, III, and IV

Answer

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Tags: Control Accounts, Credit Side, Receivables Ledger
Level: Level 1

Topic: Control Accounts
Series: NOV 2020

FA – Mar/July 2020 – L1 – SA – Q18 – Control Accounts

Identifying items recorded on the credit side of the trade receivables control account

Question

Which of the following is NOT recorded on the credit side of the trade receivables control account?
A. Dishonoured cheque
B. Cash received from customers
C. Cheque received from customers
D. Sales returns
E. Discount allowed

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control Account, Credit Side, Trade receivables
Level: Level 1

Topic: Control Accounts
Series: MAR/JULY 2020

FA – Nov 2020 – L1 – SA – Q17 – Control Accounts

Identifies items recorded on the credit side of a receivables ledger control account.

Question

Which of the following would be on the credit side of the receivables ledger control account?

I. Cash received
II. Irrecoverable debts
III. Discount allowed
IV. Sales

A. I, II, and III
B. I, III, and IV
C. II and IV
D. I and IV
E. I, II, III, and IV

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control Accounts, Credit Side, Receivables Ledger
Level: Level 1

Topic: Control Accounts
Series: NOV 2020

FA – Mar/July 2020 – L1 – SA – Q18 – Control Accounts

Identifying items recorded on the credit side of the trade receivables control account

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control Account, Credit Side, Trade receivables
Level: Level 1

Topic: Control Accounts
Series: MAR/JULY 2020

Question Tag: Credit Side

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FA – Nov 2020 – L1 – SA – Q17 – Control Accounts

Identifies items recorded on the credit side of a receivables ledger control account.

FA – Mar/July 2020 – L1 – SA – Q18 – Control Accounts

Identifying items recorded on the credit side of the trade receivables control account

FA – Nov 2020 – L1 – SA – Q17 – Control Accounts

Identifies items recorded on the credit side of a receivables ledger control account.

FA – Mar/July 2020 – L1 – SA – Q18 – Control Accounts

Identifying items recorded on the credit side of the trade receivables control account

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FA – Nov 2020 – L1 – SA – Q17 – Control Accounts

Identifies items recorded on the credit side of a receivables ledger control account.

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FA – Mar/July 2020 – L1 – SA – Q18 – Control Accounts

Identifying items recorded on the credit side of the trade receivables control account

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FA – Nov 2020 – L1 – SA – Q17 – Control Accounts

Identifies items recorded on the credit side of a receivables ledger control account.

You're reporting an error for "FA – Nov 2020 – L1 – SA – Q17 – Control Accounts"

FA – Mar/July 2020 – L1 – SA – Q18 – Control Accounts

Identifying items recorded on the credit side of the trade receivables control account

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