Self Studies

Recording of Tr...

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  • Question 1
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    In petty cash book, the system followed ______________.

  • Question 2
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    Small payments are recorded in a book called _____________.

  • Question 3
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    If the debit and credit aspects of a transaction are recorded in the cash book it is a:

  • Question 4
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    Which of the following statement is false?
    The petty cash book  ____________. 

  • Question 5
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    The primary book wherein the money received from head cashier and the amount of expenditure for a particular period of an organization are recorded in chronological order of dates in separate money columns of both sides, is called ______________  cash book.

  • Question 6
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    M/s Delhi Stationers purchase 1,000 pieces of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be ________.

  • Question 7
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    An instrument of qualitative credit control in India is __________.

  • Question 8
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    Atul purchased goods costing Rs. 50,000 at an invoice price, which is 50% above cost. On invoice price he enjoyed 15% trade discount and Rs.3,750 cash discount on cash payment of goods in lump sum at the time of purchase. The purchase price to be recorded in the books before cash discount will be _______.

  • Question 9
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    Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from.

  • Question 10
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    Which of the following is the largest online travel service?

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