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WorksheetsSpecial purpose book subsidiary books
Total questions: 13
Worksheet time: 7mins
Sales return book record
Return of goods sold
return of goods purchased
Cash sales
None of the above
If Rita sells goods for cash, it will be recorded in
Sales book
Purchases book
Cash book
Journal proper
The balance of petty cash book is
an expense
a liability
a profit
an asset
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
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
Cash book records
All transactions
All cash transactions
All credit transactions
All of the above
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
Discount column in the cash book is
Always balanced
Only totalled
Never written
All of the above
Credit balance in bank column of the cash book indicates
Favorable balance
Un favorable balance
Bank Overdraft
Normal balance
Trial balance shows
Only debit balance
Only credit balance
Both credit and debit balance
None of the above
Name the account credited for credit purchases
Purchases account
Creditor account
cash account
Debtor account
Total of purchase book is posted to the (a) Side of purchase account
The balance of petty cash book is
an expense
a liability
a profit
an asset
