Multiple Choice
Credit purchase is determined by preparing
A) Purchase Account
B) Debtor's Account
C) Creditor's Account
D) Cash A/c
Correct Answer:

Verified
Correct Answer:
Verified
Q40: From incomplete records, it is possible to
Q41: Income and Expenditure Account records transactions of:<br>A)Revenue
Q42: Under the net worth method, the profit
Q43: Income and expenditure Account shows a balance
Q44: Non-trading organization prepares<br>A)Income and Expenditure A/c<br>B)Trading and
Q46: Outstanding subscription is a/an<br>A)Income<br>B)Asset<br>C)Liability<br>D)None of these
Q47: Credit sales can be ascertained by preparing<br>A)Creditors
Q48: Under single entry system details of<br>A)Expenses will
Q49: Income and Expenditure A/c reveals<br>A)Cash in hand<br>B)Surplus
Q50: Under single entry system, certain transactions are