| 1 |
Which book is used to record all cash receipts and cash payments? |
- A. Sale book
- B. Purchase book
- C. Cash book
- D. Petty cash book
|
| 2 |
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
|
| 3 |
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
|
| 4 |
Which book is used to record all credit purchases? |
- A. Purchases book
- B. Purchases book return
- C. Cash book
- D. Debit note book
|
| 5 |
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
|
| 6 |
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
|
| 7 |
A document is sent to customer when he returns the goods is called |
- A. Promissory note
- B. Debit note
- C. Currency note
- D. Credit note
|
| 8 |
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
|
| 9 |
Bill receivable book represents |
- A. Ledger
- B. Journal
- C. Trail balance
- D. All of above
|
| 10 |
Both cash purchases as well as credit purchases are recorded in |
- A. Cash book
- B. Purchase book
- C. Purchases account
- D. None of these
|
