| 1 |
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
|
| 2 |
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
|
| 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 cash book is a book of |
- A. Compound entry
- B. Original entry
- C. Final entry
- D. Simple entry
|
| 5 |
Bill receivable book represents |
- A. Ledger
- B. Journal
- C. Trail balance
- D. All of above
|
| 6 |
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
|
| 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 |
Which book is used to record all credit purchases? |
- A. Purchases book
- B. Purchases book return
- C. Cash book
- D. Debit note book
|
| 9 |
Subsidiary books are called books of |
- A. Original entry
- B. Secondary entry
- C. Final entry
- D. Basic entry
|
| 10 |
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
|
