ACCOUNTS- JOURNAL

Housing rent paid to the landlord is debited to ------- account? 

•  Rent A/C

• Drawings A/C

• Cash A/C

• Landlord A/C

Paid transport charges for machinery is debited to ------ account? 

• Transport charges A/C

• Cash A/C

•  Machinery A/C

• None of the above

M/S Stationery mart will debit the purchase of stationery to:

• General expenses A/C

• Drawings A/C

• Purchases A/C

• None of the above 

 Purchased goods from Sanjay of Rs.10000 at 10% Trade Discount and 10% Cash Discount and paid half of the amount in cash. Amount of discount allowed is? 

• RS.1000

• RS.900

• RS.450

• RS.270

 Commission unearned but received is credited to ------ account?

• Cash A/C

• Commission unearned A/C

• Commission received in advance A/C

• Commission A/C

 Paid carriage Rs.1000 on behalf of Akshay is debited to ----- account? 

• Carriage A/C 

• Akshay A/C 

• Cash A/C

• None of the above

 Salary due but not paid to Rajesh is credited to ----- account?

• Outstanding Salaries A/C

• salaries A/C

•  Cash A/C 

• Rajesh A/C

Investment in fixed deposit of Bank Of India is debited to ----- account?

•  Investment A/C 

• Bank A/C

• Cash A/C

• Either A or C 

 Journal is a book of ----- entry?

• Prime entry

• Secondary entry

• Contra entry

• None of the above

Received Rs.900 net from Bina after 10% Cash Discount, hence discount allowed is? 

• RS. 100

• RS.90

• RS.81

• RS.95