Depreciation, bad debts, control accounts

Question 1 of 10

A machine costs GH¢10,000, has a residual value of GH¢2,000 and a life of 4 years. Straight-line depreciation per year is

Question 2 of 10

The total of trade receivables is checked using the

Question 3 of 10

Opening debtors GH¢5,000, credit sales GH¢20,000, cash received GH¢18,000. Closing debtors are

Question 4 of 10

In the purchases ledger control account, discounts received appear on the

Question 5 of 10

The sales ledger control account contains totals of

Question 6 of 10

A machine costing GH₵ 10,000 has a residual value of GH₵ 2,000 and a useful life of 4 years. Find the annual depreciation by the straight-line method.

Question 7 of 10

A provision for doubtful debts is created to apply the

Question 8 of 10

A debt that cannot be recovered is written off to the

Question 9 of 10

A bad debt previously written off is recovered. The double entry includes crediting

Question 10 of 10

Reducing balance at 20% on GH¢5,000. Depreciation in year 2 is