AUD PROBS Basics✨

Question 1

AR/NR/ Adv fr customers:

Beg. Balance- AR

Answer 1

Debit

Question 2

AR/NR/ Adv fr customers:
Balance End- AR

Answer 2

Credit

Question 3

AR/NR/ Adv fr customers:
Beg Bal- NR

Answer 3

Debit

Question 4

AR/NR/ Adv fr customers
Balance End- NR

Answer 4

credit

Question 5

AR/NR/ Adv fr customers
Bal End- Advances

Answer 5

Debit

Question 6

AR/NR/ Adv fr customers
Beg Balance- Advances

Answer 6

Credit

Question 7

AR/NR/ Adv fr customers
Sales on Account

Answer 7

Debit

Question 8

AR/NR/ Adv fr customers
Sales Return and allowances

Answer 8

Credit

Question 9

AR/NR/ Adv fr customers
Recoveries

Answer 9

Debit

Question 10

AR/NR/ Adv fr customers
Sales discount

Answer 10

Credit

Question 11

AR/NR/ Adv fr customers
Collection including recoveries

Answer 11

Credit

Question 12

AR/NR/ Adv fr customers
Write-off

Answer 12

Credit

Question 13

AP/NP/ Trade & Advances to Sups
Balance End-AP

Answer 13

Debit

Question 14

AP/NP/ Trade & Advances to Sups
Beg Balance-AP

Answer 14

Credit

Question 15

AP/NP/ Trade & Advances to Sups
Bal End-NP

Answer 15

Debit

Question 16

AP/NP/ Trade & Advances to Sups
Beg. Balance - NP

Answer 16

Credit

Question 17

AP/NP/ Trade & Advances to Sups
Beg. Balance- Advances

Answer 17

Debit

Question 18

AP/NP/ Trade & Advances to Sups
Bal. End-Advances

Answer 18

Credit

Question 19

AP/NP/ Trade & Advances to Sups
Purchases

Answer 19

Credit

Question 20

AP/NP/ Trade & Advances to Sups
Purchase return and allowances

Answer 20

Debit

Question 21

AP/NP/ Trade & Advances to Sups
Purchase Discount

Answer 21

Debit

Question 22

AP/NP/ Trade & Advances to Sups
Payments

Answer 22

Debit

Question 23

Allowance for doubtful acc
Balance End

Answer 23

Debit

Question 24

Allowance for doubtful acc
Beg. Balance

Answer 24

Credit

Question 25

Allowance for doubtful acc Accounts written off

Answer 25

Debit

Question 26

Allowance for doubtful acc Recoveries

Answer 26

Credit

Question 27

Allowance for doubtful acc Doubtful accounts

Answer 27

Credit

Question 28

Merchandise Inventory Beg. Bal

Answer 28

Debit

Question 29

Merchandise Inventory Balance End-

Answer 29

Credit

Question 30

Merchandise Inventory Net Purchase

Answer 30

Debit

Question 31

Merchandise Inventory Cost of Sales

Answer 31

Credit

Question 32

AP TRADE Bal. End- AP

Answer 32

Debit

Question 33

AP TRADE Beg. Balance -AP

Answer 33

Credit

Question 34

AP TRADE Purchase Return and Allowances

Answer 34

Debit

Question 35

AP TRADE Purchases

Answer 35

Credit

Question 36

AP TRADE Purchase Discount

Answer 36

Debit

Question 37

AP TRADE Payments

Answer 37

Debit