Multiple Choice
Machinery purchased on account is recorded in
A) Journal
B) Ledger
C) Purchase book
D) Cash book
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Debit balance of all personal accounts are
Q14: 1/6 profit on sales means _ on
Q15: Closing stock given in the trial balance
Q16: In non - profit organizations excess of
Q17: Accounting records transactions in term of<br>A)Commodity units<br>B)Production
Q19: Sales ledger contains accounts of<br>A)Suppliers<br>B)Customers<br>C)Total sales<br>D)All the
Q20: Cost of goods sold plus selling expenses
Q21: Gross assets - liabilities will be equal
Q22: In accounting only _ discount is recorded<br>A)Trade<br>B)Cash<br>C)Real<br>D)None
Q23: Double entry system was propounded by<br>A)Chanakya<br>B)Lee<br>C)Confucius<br>D)Luca Pacioli