| 1 |
Both cash purchases as well as credit purchases are recorded in |
- A. Cash book
- B. Purchase book
- C. Purchases account
- D. None of these
|
| 2 |
Sales returns book periodical total is posted to |
- A. Debit of returns inwards account
- B. Credit of returns inwards account
- C. Debit of returns outwards account
- D. Credit of returns outwards account
|
| 3 |
The book which is used to record all goods returned by us to our supplier is called |
- A. Returns inwards book
- B. Purchases book
- C. Return outwards book
- D. Sales book
|
| 4 |
The periodical total of purchases book is posted to the |
- A. Debit of purchases account
- B. Credit of purchases account
- C. Credit of cash account
- D. Debit of sales account
|
| 5 |
Bill receivable book represents |
- A. Ledger
- B. Journal
- C. Trail balance
- D. All of above
|
| 6 |
The book which is used to record all goods returned to us by our customers is called |
- A. Returns outwards book
- B. Returns inwards book
- C. Sales book
- D. Cash book
|
| 7 |
All the acceptances received from the debtors are recorded in |
- A. Cash book
- B. Bills payable book
- C. Debtor's book
- D. Bills receivable book
|
| 8 |
The periodical total of purchases returns book is posted to |
- A. Debit of returns outwards account
- B. Credit of returns inwards account
- C. Debit of returns inwards accounts
- D. Credit of returns outwards account
|
| 9 |
A book which is used to record small expenses is called |
- A. Expenses book
- B. Cash book
- C. Petty cash book
- D. Purchases book
|
| 10 |
Which book is used to record all credit purchases? |
- A. Purchases book
- B. Purchases book return
- C. Cash book
- D. Debit note book
|
