Depreciation, bad debts, control accounts

Question 1 of 10

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

Question 2 of 10

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

Question 3 of 10

A machine costing GH¢10,000 is depreciated at 20% per year on the reducing balance. What is its value after 2 years?

Question 4 of 10

The sales ledger control account is also called the

Question 5 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 6 of 10

A debt that cannot be recovered is written off to the

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

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

Question 9 of 10

A bad debt recovered is credited to

Question 10 of 10

A debt that cannot be collected and is written off is