Question # 1

When the goods are returned to the suppliers, an intimation is sent to them is called

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Currency note

Invoice

Debit note

Credit note

The book which is used to record all goods returned by us to our supplier is called

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Returns inwards book

Purchases book

Return outwards book

Sales book

A book which is used to record small expenses is called

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Expenses book

Cash book

Petty cash book

Purchases book

The periodical total of purchases returns book is posted to

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Debit of returns outwards account

Credit of returns inwards account

Debit of returns inwards accounts

Credit of returns outwards account

A document given by the seller to the buyer for credit sale of goods or assets is called

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Cash memo

Invoice

Voucher

None of these

Bill receivable book represents

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Ledger

Journal

Trail balance

All of above

Subsidiary books are called books of

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Original entry

Secondary entry

Final entry

Basic entry

All the bills given to the creditors are recorded in

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Creditor's book

Bills payable book

Bills receivable book

Bank book

All the acceptances received from the debtors are recorded in

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Cash book

Bills payable book

Debtor's book

Bills receivable book

The book which is used to record all goods returned to us by our customers is called

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Returns outwards book

Returns inwards book

Sales book

Cash book

Both cash purchases as well as credit purchases are recorded in

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Cash book

Purchase book

Purchases account

None of these

The periodical total of purchases book is posted to the

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Debit of purchases account

Credit of purchases account

Credit of cash account

Debit of sales account

Which book is used to record all credit purchases?

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Purchases book

Purchases book return

Cash book

Debit note book

Which book is used to record all cash receipts and cash payments?

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Sale book

Purchase book

Cash book

Petty cash book

Sales returns book periodical total is posted to

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Debit of returns inwards account

Credit of returns inwards account

Debit of returns outwards account

Credit of returns outwards account

The cash book is a book of

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Compound entry

Original entry

Final entry

Simple entry

All the transactions related to credit sales are recorded in

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Sales returns book

Sales book

Cash book

Credit note book

A document is sent to customer when he returns the goods is called

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Promissory note

Debit note

Currency note

Credit note

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Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test MCQs With Answers

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