Self Studies

Recording of Tr...

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  • Question 1
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    The purchase of supplies for cash will result in an _______________.

  • Question 2
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    Another name of journal is _____________.

  • Question 3
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    The accounting entry to record bank charges deducted from the Bank Account of the business ___________.

  • Question 4
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    A cheque for Rs. $$10,000$$ received from Ramesh, a trade debtor, should be accounted for as __________________.

  • Question 5
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    The document issued by any bank on behalf of the importer, promising to pay the money for imported goods is called _______________.

  • Question 6
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    _______ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded. 

  • Question 7
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    Which of the following is true when a debtor pays his dues?

  • Question 8
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    Journal is the book of _______ in which every transaction is recorded before being posted into the ledger. 

  • Question 9
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    The bank statement reports a credit transfer of Rs. $$4,000$$ from a customer. Accounting entries for this is?

  • Question 10
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    Which of the following actions reflects 'parent ego' as per the concept of Transactional Analysis?

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