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Subsidiary books

Authored by Swathi Rajiv

Business

University

Used 240+ times

Subsidiary books
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales return book record

Return of goods sold

return of goods purchased

Cash sales

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Rita sells goods for cash, it will be recorded in

Sales book

Purchases book

Cash book

Journal proper

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total of purchases book is

Posted to the credit of Purchases account

Posted to the debit of Purchases account

Posted to two column cash book

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The balance of petty cash book is

an expense

a liability

a profit

an asset

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash book records

All transactions

All cash transactions

All credit transactions

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total of purchases return book is recorded

debit of purchases account

credit of purchases return account

debit of purchases return account

Credit of purchases account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In cash book, discount allowed on a dishonored cheque is cancelled by

Crediting the bank column

crediting discount column

journal entry

debiting the discount column

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