The benefit of ______ expenses is to be derived in the next accounting year.
Outstanding
Bad debts
Prepaid
None of the above
For recording bad debts recovered account, which account should be debited ?
Cash A/c
Bad Debts Recovered A/c
Expenses A/c
Interest charged on drawings. Find out which account will be credited
Drawings A/c
Interest on drawing A/c
Bank A/c
The owner may be regarded as a _____ of his own business.
Creditors
Debtors
Trade creditors
