Rectifying the error of a credit purchase of goods worth Rs. 10,000 recorded as credit sale to Mr. D, discovered two months later.A. Journal Proper (General journal)B. Sales BookC. Cash BookD. Purchase book
  • A
  • B
  • C
  • D
A___________ is sent to a customer when he returns goods :A. Debit NoteB. Credit NoteC. Proforma InvoiceD. None of the above
  • A
  • B
  • C
  • D
The Balance of Sales day book is Rs. 25,Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?A. Rs. 25,000B. Rs. 5,000C. Rs. 20,000D. Rs. 10,000
  • A
  • B
  • C
  • D
Goods were sold on credit basis to A Brothers for Rs. 1,000.A. Cash BookB. Journal Proper (General Journal)C. Sales bookD. Bills Receivable book
  • A
  • B
  • C
  • D
Following are not subsidiary books:A. Sales BookB. Cash bookC. purchase bookD. Bills Receivable book
  • A
  • B
  • C
  • D
An allowance of Rs. 50 was offered for an early payment of cash of Rs. 1,050.A. Sales BookB. Cash BookC. Journal Proper (General Journal)D. Purchase Book
  • A
  • B
  • C
  • D
The source document or voucher used for recording entries in sales Book is :A. Invoice receivedB. Invoice sent outC. Credit notes sent outD. Debit notes received
  • A
  • B
  • C
  • D
The total of the Purchase Day Book is posted periodically to the :A. Debit of purchases A/cB. Credit of purchase A/cC. Cash BookD. None of these
  • A
  • B
  • C
  • D
Unpaid salary for Rs. 340 is to be provided for in the accounts.A. Bills Receivable BookB. Purchases BookC. Journal Proper (General Journal)D. Purchases Return
  • A
  • B
  • C
  • D
Total of Sales Book will be posted :A. In Debit side of Sales AccountB. In Credit side of purchases accountC. In Credit side of Sales AccountD. In Debit side of Sales return account
  • A
  • B
  • C
  • D
Goods Outward Journal is meant for recording all returns of goodsA. Sold on creditB. Purchased on creditC. Purchased on cashD. None of the above
  • A
  • B
  • C
  • D
Goods sold for cash Rs. 10,000 plus 10% sales tax. Sales A/c will be credited by:A. Rs. 11,000B. Rs. 10,000C. Rs. 9,000D. None
  • A
  • B
  • C
  • D
A bills receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs. 1,100 is dishonoured.A. Purchases Return BookB. Bills Receivable BookC. Purchases BookD. Journal Proper (General journal)
  • A
  • B
  • C
  • D
The total of the purchases day book is posted periodically to the debit of :A. Purchases accountB. Cash bookC. Journal properD. None of these
  • A
  • B
  • C
  • D
In Purchases Book the record is in respect ofA. Cash purchase of goods,B. Credit purchase of goods dealt in,C. All purchases of goods.D. None of the above
  • A
  • B
  • C
  • D
Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.A. Purchase bookB. Sales bookC. Cash bookD. Journal proper (General journal)
  • A
  • B
  • C
  • D
Purchase of furniture on credit should be recorded in _______A. Purchase bookB. Sales bookC. Cash bookD. Journal
  • A
  • B
  • C
  • D
Total of the Purchase Return Book is posted to the ______ side of Purchase Return Account in the ledger:A. DebitB. CreditC. No whereD. None of these
  • A
  • B
  • C
  • D
A second hand motor car was purchased on credit from B Brothers for Rs. 10,000.A. Journal Proper (General Journal)B. Sales BookC. Cash bookD. Purchase Book
  • A
  • B
  • C
  • D
The debit note issued are used to prepareA. Sales return bookB. Purchase Return BookC. Sales bookD. Purchases book
  • A
  • B
  • C
  • D
0 h : 0 m : 1 s

Answered Not Answered Not Visited Correct : 0 Incorrect : 0