A. Current period
B. Future period
C. Past period
D. None of the given

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A. Journalizing
B. Posting
C. Balancing
D. Analyzing

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A. Sales on cash basis
B. Sales on credit basis
C. Utility expenses
D. Creditors/payables

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A. Statement of owner’s equity
B. Balance Sheet
C. Cost of Goods sold statement
D. Income Statement

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A. Trial Balance
B. Journal
C. Trial Balance
D. Balance Sheet

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A. Discount Received (Dr) and Creditors Control A/c (Cr)
B. Discount Received (Dr) and Creditors A/c (Cr)
C. Creditors Control A/c (Dr) and Discount Received (Cr)
D. Debtors A/c (Dr) and Discount Received (Cr)

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A. Profit and loss account
B. Balance sheet
C. Income statement
D. All of the given

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A. Material account
B. Sales account
C. Finished goods account
D. Cash account

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A. Receipt of cash
B. Depreciation
C. Charge of interest payable
D. Correction of errors

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A. Assets
B. Liabilities
C. Revenues
D. Expenses

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