Sales and purchase journal don’t record ______ ?
A. Cash sales and purchases
B. Credit sales and purchases
C. Credit sales
D. Credit purchases
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Which of the following specialised journals will record “goods returned by the BUSINESS “ ?
A. Sales journal
B. Purchases return journal
C. Sales return journal
D. Purchase journal
Another name of journal is _____ ?
A. Cash book
B. Record book
C. Specialized journal
D. Day book
Sales on credit is recorded in which of the following journal ?
A. Purchases return journal
B. Sales return journal
C. Sales journal
D. Purchase journal
Which of the following specialized journals records “goods returned by customers” ?
A. Sales return journal
B. Purchase journal
C. Sales journal
D. Purchases return journal
Which of the following account with normal balance is shown at the credit side of a trial balance ?
A. Equipment account
B. Accrued expenses account
C. Cash account
D. Bank account
Cash purchases is recorded in which of the following specialized journals ?
A. Purchases return journal
B. Purchase journal
C. Cash payments journal
D. Sales journal
Which of the following is a type of cash receipt journal + cash payment journal ?
A. Statement of cash flow
B. Cash documents
C. Bank statement
D. Cash book
Which of the following account with normal balance is shown at the debit side of a trial balance ?
A. Cash account
B. Unearned income account
C. Rent income account
D. Creditors account
Debit balance = Credit balance in a trial balance indicates that ?
A. Account balances are correct
B. Mathematically Capital+Liabilities=Assets
C. No error in posting entries to ledger accounts
D. No error in recording transactions