Journal

Payment of rupees 6000 as wages to workers for installation of machine should be debited to

• Wages account

• Repairs account

• Machinery account

• Cash account

Goods worth rupees 7000 given away as charity should be credited to

• Sales account

• Purchases account

• Charity account

• Trustee account

What should be the amount of capital if cash is Rs5,000,furniture Rs12000,stock Rs30000 and creditors 6,000

Rupees 5000 received from Mohan whose account was written off as bad in the previous year should be credited to ....

• Mohan account

• Bad debts account

• Bad debts recovered account

• None of these

Journal records the transactions of the form in a.....

• Periodical manner

• Chronological order

• Summarised manner

• Systematic order

Premium paid on Life insurance policy of the proprietor will be debited to........ Account

Anil purchased 1000 pens at the rate of 50 each less trade discount of 20%.. purchase account will be debited by

• 50000

• 40000

• 45000

• 60000

A journal is known as a book of.......entry

....... Discount it is shown separately in the books of account

Sale of goods to ram for cash is debited to

• Ram account

• Cash account

• Sales account

• Stock account