1.

Find the odd one :(i) Stock in trade, Bank overdraft, Bills receivable.(ii) Interest on Loan, Interest on Investment, Income receivable.(iii) Bad debts, Reserve for Bad debts, Reserve for a discount on creditors.(iv) Income received in advance, Prepaid Expenses, Outstanding Expenses.

Answer»

(i) Bank overdraft

(ii) Interest on Loan

(iii) Reserve for a discount on creditors

(iv) Prepaid Expenses



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