Bookkeeping Skill Assessment
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Bookkeeping MCQ
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Free Sample Questions for Bookkeeping
The 'Discount allowed' account records the ....?
Discount given by suppliers
Discount given to creditors
Discount on purchases
Discount on sales
Discount given to debtors
Answer:
Discount given to debtors
Which account is NOT part of the profit and loss account?
Doubtful debts
Repairs and Maintenance
Insurance
Advertising
Accumulated depreciation
Answer:
Accumulated depreciation
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