One of the reasons for a dishonored cheque is that the drawer has not……..……funds in his bank account.

A ………… cheque is one which the bank refuses to pay for various reasons.

The reconciliation statement will start with the balance as…………..the bank statement.

A stale cheque might be a dishonored one.

The cash book is …………. with items revealed by the bank statement, e.g. bank charges, credit transfer, direct debit, etc.

. ………..cheques and amounts paid in, not yet credited are used to prepare the bank reconciliation statement.

The asset account balance is not reduced by the …………..provision for depreciation.

There is likely to be either a ……….or a profit arising out of the sale of a fixed asset.

The asset account has a………….balance.

The provision for depreciation …………up the amount of depreciation year by year.

The reducing balance method is also termed the………….balance method.

Any increase in a depreciation provision is credited to the Profit and Loss account.

When a fixed asset is sold, there are ………… elements to take account of.

If you take no account year-by-year of the fall in value of fixed assets, the value of assets in the balance sheet is ………

In the account of provision for depreciation, it is only necessary to ……….down the balance once two entries have been made.

In the balance sheet, each fixed asset is shown at………..less total depreciation to date.

Any increase in the provision for doubtful debt will be debited to the P/L account.

The provision for doubtful debt has a credit balance.

Any decrease in the provision for doubtful debts is a ……….. to the firm.

A provision for doubtful debt is set at a ………….of debtors.