Subsidiary books 1

Sale of of machinery by Suresh a dealer in stationary to sumit for rupees 120000 is recorded in

• Cash book

• Sales book

• Purchase book

• Journal proper

Total of purchase book is posted to the ........... Side of purchase account

Debit note for rupees 1000 issued to Suresh for goods returned by us is accounted in

• Sales book

• Purchase book

• Journal proper

• Purchase return

Closing entries are recorded in.....

Param purchase goods from Dev. It will be recorded in

• Purchase book

• Cash book

• Purchase return book

• None of the above

Contra entries recorded in....... Book

Purchase of machinery on credit is recorded in cash book. Is this statement true or false

Which of the following transaction is entered into journal proper

• Cash payment to employees for expenses

• Cash purchases of goods for resale

• Correction of an error

• Credit purchase of goods for resale