Correct Answer: Sales commissions
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Bookkeeping Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Bookkeeping MCQ Questions
Which of the following is NOT generally used as an alternative name for a 'Balance sheet'?
A check that was received from a debtor was dishonored. How does this transaction affect the debtors control account in the general ledger?
Unexpired costs are represented in the accounts of an accounting entity as...
The chronological record of a transaction’s process through the accounting system, from the source document to the financial statements, is known as ....?
The purchase of motor vehicles on credit should be entered into which journal?
Which of the following is NOT a contra account?
Which of the following is the summary of accounts
Which of the following documents would you NOT rely on to originate accounting entries?
When recording financial transactions using the "T" account method, the 'Debit' value is recorded on the right and the 'Credit' value is recorded on the left.
If a supplier's invoice is recorded on the last day of the year for future services, one side of the entry should be accounts payable, and the other entry should be to which account?