Journal Test 6...

The following comments below relate to the recording of journal entries. Which statement is true?

Which of the following specialized journals will record "goods returned by the business"?

Which of the following statement is incorrect with respect to a journal entry?

A Company makes a purchase on $$10^{th}$$ may some office equipment . The correct journal entry will be

If salary is given to proprietor ______________________.

The journal entry to account for the acquisition on credit of factory machinery from Millet plc should require which of the following:

The term 2/10-n/30 implies that discount will be given if the payment made within ______ day is receivable within 30 days.

For every entry in journal the transaction can be ___________.

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

Transactions which are inter-connected and have taken place simultaneously are recorded by means of a _____________.