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Recording of Tr...

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  • Question 1
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    Which of the following is the kind of a cash book?

  • Question 2
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    When a firm maintains a simple Cash Book, it need not maintain ____________.

  • Question 3
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    When a cheque received is endorsed, it must be entered on _____________.

  • Question 4
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    Wages paid for repairing a machine should be debited to ___________.

  • Question 5
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    Sales journal (also called day book) is used for recording ____________.

  • Question 6
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    When the venturer recording transactions brings goods into joint venture, then these are credited to _______________.

  • Question 7
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    On purchase of old furniture, the amount spent on its repair should be debited to _________.

  • Question 8
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    Sales to Ram of Rs. 336, were not recorded. This will affect _________.

  • Question 9
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    Which of the following is an example of an adjusting entry?

  • Question 10
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    The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known as _________.

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