Depreciation, bad debts, control accounts

Question 1 of 10

In the sales ledger control account, cash received from debtors appears on the

Question 2 of 10

A bad debt recovered is credited to

Question 3 of 10

Debtors GH¢20,000; allowance for doubtful debts 5%. The allowance is

Question 4 of 10

The sales ledger control account is also called the

Question 5 of 10

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

Question 6 of 10

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

Question 7 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 8 of 10

Opening receivables GH¢10,000; credit sales GH¢50,000; cash received GH¢45,000; bad debts GH¢1,000. Closing receivables are

Question 9 of 10

A machine bought for GH¢12,000 with accumulated depreciation of GH¢7,000 is sold for GH¢4,000. The result is

Question 10 of 10

A van costing GH¢30,000 is depreciated at 20% per annum on the reducing balance. Its net book value after 2 years is