Which of the following is not a debit item in a creditor’s control account?

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Which of the following is charged to trading account?

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Control accounts are also known as

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A set of instruments fed into a computer for accomplishing a given task is a/an

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Accumulated fund at the beginning of the year was

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Subscriptions credited to the Income and Expenditure Account was

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The excess of income over expenditure for the year was

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Cost of raw materials consumed is

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In a system of incomplete records, the opening capital is determined by preparing

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Which of the following is not used in solving problems of incomplete records?

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“A business unit is assumed to operate into foreseeable future and earn reasonable net income”. This statement is emphasized by the concept of

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Revenue is recognized in the profit and loss account as soon as a

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