The first book of original entry is-
  • Journal
  • Ledger
  • Trial Balance
‘Drawings’ falls under which account-
  • Personal account
  • Real account
  • Nominal account
  • None of these.
Income tax is treated as-
  • Business Expense
  • Direct Expense
  • Personal Expense
  • Indirect Expense.
A cheque on which two parallel lines are drawn in the left top corner is called –
  • Bearer cheque
  • Traveller’s cheque
  • Account payee cheque
  • None of these.
Cash purchase of goods is recorded in-
  • Purchase book
  • Sales book
  • Cash – book
  • None of these.
Credit purchase of furniture shall be recorded in-
  • Purchase book
  • Journal book
  • Cash – book
  • None of these.
Who prepares a debit note-
  • Seller
  • Purchaser
  • Cashier
  • None of these.
Return of goods by a customer is recorded in-
  • Purchase book
  • Sales book
  • Sales return book
  • Purchase return book.
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