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Basic journals - expenses owing, cash and credit sales, paying creditors; Some complex issues: depreciation, prepayments, inventory loss (fire), discount received. If you need to take an accounting or bookkeeping test - this is certainly the perfect page for you. 2- S4Hana Exam Questions Bank 25 … When a company sells goods on credit, it creates a current asset by the name of accounts receivable and books the corresponding revenue. Your message was sent. Some complex issues - bad debts, discounts received and allowed, returns inward and outward as well as various account corrections.