Principles of accounting UE Past Papers Questions.
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(3404) Question Category: True OR False A cash discount is a deduction off the amount due and is given to encourage prompt payment of debts.
Answer / Solution UNSOLVED |
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(3405) Question Category: True OR False A debtor is a person to whom the business owes money for goods purchased on credit. Answer / Solution UNSOLVED |
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(3406) Question Category: True OR False An account will have a credit balance if the total debit amount exceed the total credit amounts. Answer / Solution UNSOLVED |
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(3407) Question Category: True OR False Assets and liabilities accounts normally have debit balances while those of revenue accounts are credits. Answer / Solution UNSOLVED |
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(3408) Question Category: True OR False If the trial balance has equal debit and credit totals, it proves that all the transactions have been recorded accurately following the rules of double entry. Answer / Solution UNSOLVED |
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