Sr. # | Questions | Answers Choice |
---|---|---|
1 | Goods returned by a customer should be debited to | Sales A/c Customer A/c Purchase A/c Sales return A/c |
2 | The person who draws a bill of exchange is known as | Drawer Payee Drawee Bank |
3 | Which of the following account is increased by debit entries | Capital A/c Building A/c Sales A/c Purchase return A/c |
4 | Carriage paid on purchase of furniture is a | Revenue expenditure Capital expenditure Revenue Loss Capital loss |
5 | Credit sales are recorded in | Cash book Purchase book Sales book Pass book |