1 |
The entry which is recorded on the both sides of three column cash book is called |
Single entry
Compound entry
Double entry
Contra entry
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2 |
The book meant for recording all cash transactions is called |
Purchase book
Cash book
Sales book
Pass book
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3 |
The discount which is calculated on list price of goods is called |
Trade discount
Rebate
Cash discount
None of these
|
4 |
The amount of cash or goods with drawn by the proprietor for personal use is called: |
Expenses
Revenue
Capital
Drawings
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5 |
The errors which cancel themselves out are called |
Errors of omission
Compensating errors
Errors of commission
None of these
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