14. There are three accepted methods of settling an account. They area cash, allowance and personal choqueb. cash, allowance and travellers chequec. cash, direct bill and personal choqued. allowance, transfer and direct bille. cash, allowance and transfer

An account Settlement: It the payment against an outstanding balance which brings account…

14. There are three accepted methods of settling an account. They are a cash, allowance and personal choque h cash, allowance and travellers cheque C. cash, direct bill and personal cheque d. allowance, transfer and direct bill e cas, allowance and transfer

14. There are three accepted methods of settling an account. They are a cash, allowance and personal choque h cash, allowance and travellers cheque C. cash, direct bill and personal cheque d. allowance, transfer and direct bill e cas, allowance and transfer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

14. There are three accepted methods of settling an account. They are
a cash, allowance and personal choque
b. cash, allowance and travellers cheque
c. cash, direct bill and personal choque
d. allowance, transfer and direct bill
e. cash, allowance and transfer

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