Multiple Choice
Which of the following statements is/are true ?
A) A sale of an asset is recorded in the Sales Book
B) Total of Return Outward Book is debited to Return Outward Account
C) The balance of Petty Cash Book is a liability
D) Cash Book is a subsidiary book as well as a ledger
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Total depreciation of an asset cannot exceed
Q3: In an account if debit side >
Q4: Overcasting of purchases journal would affect<br>A)Sales account
Q5: Which of the following is the example
Q6: The amount payable to a person as
Q7: The type of A/c with a named
Q8: Opening entries are generally passed through-<br>A)General Journal
Q9: Which of the following assets is/are to
Q10: Legacy are generally-<br>A)Capitalized .<br>B)Treated Loss .<br>C)Revenue Expenses
Q11: When the benefits of revenue expenditure is