Goods returned by customer should be debited to which of the following acco

Goods returned by customer should be debited to which of the following accounts



1.The other name of journal is 
A) Ledger
B) T account 
C) Day book 
D) Cash book 
2.Which of the following double entries is used to transfer “bad debts recovered” to income statement? 
A) Bad debts recovered Debit and income statement Credit
B) Income statement Debit and bad debts recovered Credit 
C) Cash Debit and bad debts recovered Credit
D) Bad debts recovered debit and cash Credit

3.What does analysis of age of debtors signify? 
A) Shows how long debts have been outstanding 
B) How old the customers are
C) How long does a business take to repay the bank loans 
D) Minimum number of old debtors
4.Goods returned by customer should be debited to which of the following accounts? 
A) Sales income account
B) Sales account
C) Return inward account 
D) Expenses account 
5.According to a general rule of accounting, the older a debt is outstanding, the more likelihood that it would turn out to be a:
A)provision for bad debt
B)profitable debt for the business
C)bad debt
D)asset for the business




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