When are rectifying entries made?

1.If unearned service revenue is earned -

2.The debit column of the trial balance shows - i. Assets, expenses, and drawings ii. Cash, bank overdraft, and accounts receivable iii. Bank balance, accounts receivable, and accrued income Which of the following is correct?

3.Who prepares the bank reconciliation statement?

4.At the

5.What does the credit balance of a bank statement indicate?

6.The balance of the purchase ledger is -

7.Which task is completed through the trial balance?

8.Which one is called an optional statement?

9.Mr. Hasan spent 5,000 taka on promotion for his furniture business. The journal entry for this will be - i. Furniture account debit ii. Advertising expense account debit iii. Cash account credit Which of the following is correct?

10.Which one is a contra asset?

11.1/10, net/45 means - i. 1% discount will be given if paid within 10 days ii. 1% discount will be given if paid within 45 days iii. Payment must be made within 45 days Which of the following is correct?

12.How much should be shown for machinery in the financial statement on December 31, 2021?