Recording of Tr...

_________ will not be recorded in cash book

Contra entries are passed only when ____________.

Which of the following is entered in the journal proper?

Which of the following books is used to record purchase of the machinery by cash ? 

A company sends cars to dealers on 'sales or return' basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had casted Rs.$$55,000$$ each have been sent on 'sales or return' basis and have been debited to customers at Rs.$$75,000$$ each. Cost of goods lying with the customers would be ______________.

Rectifying the error of a credit purchase of goods recorded as credit sale discovered two months later, the entry will be in __________.

CA/CS book is prepared ______.

The advantages of imprest system of petty cash include:
1. The main (or head) cashier is relieved of maintaining record of petty payments
2. Small payments are not stuffed in the main cash book.
3. Complete and reliable check is maintained on small items of expenses
4. It is automatically balanced.

Purchased goods on credit basis will be recorded in __________.

Which of the following entries will be entered in the Journal proper?