Exam 26: Accounting and Bookkeeping

In cashbooks "C" means

Which error does not affect the trial balance

Under______ system branch profit or loss is ascertained by preparing branch accounts

Which of the following is an operating expenses

Direct expenses are debited in the

Errors cancelled by themselves are called

The account to which the difference in the trial balance is temporarily placed , so that the trial balance is made totally, such an account is called

Rs 280 received from Roy is credited to his account as Rs 208,this error is called

Debt notice prepared by the purchase of goods when ____

Goods sent to branch account is closed by transferring the balance to_____ account

Three column cashbook contains

_____ from the source document for sales returns

Entries come both on the debit side and credit side of cashbook called

Adjusted purchase means

A cashbook which contain only one column is

The main purpose of accounting is to provide financial info to

An error which violates the fundamentals of book keeping is called

Imprest system is used in

Small payments are entered in

The balance of trading account is called