| 1 |
A document given by the seller to the buyer for credit sale of goods or assets is called |
- A. Cash memo
- B. Invoice
- C. Voucher
- D. None of these
|
| 2 |
All the transactions related to credit sales are recorded in |
- A. Sales returns book
- B. Sales book
- C. Cash book
- D. Credit note book
|
| 3 |
Both cash purchases as well as credit purchases are recorded in |
- A. Cash book
- B. Purchase book
- C. Purchases account
- D. None of these
|
| 4 |
All the bills given to the creditors are recorded in |
- A. Creditor's book
- B. Bills payable book
- C. Bills receivable book
- D. Bank book
|
| 5 |
When the goods are returned to the suppliers, an intimation is sent to them is called |
- A. Currency note
- B. Invoice
- C. Debit note
- D. Credit note
|
| 6 |
Bill receivable book represents |
- A. Ledger
- B. Journal
- C. Trail balance
- D. All of above
|
| 7 |
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
|
| 8 |
A book which is used to record small expenses is called |
- A. Expenses book
- B. Cash book
- C. Petty cash book
- D. Purchases book
|
| 9 |
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
|
| 10 |
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
|
