Sales return account is a _______ account
A) Personal
B) Nominal
C) Real
D) Current
Correct Answer:
Verified
Q28: Allowance made for prompt payment is called
A)Cash
Q29: Sales ledger contains accounts of
A)Suppliers
B)Customers
C)Total sales
D)All the
Q30: Credit note is sent by
A)Seller
B)Customer
C)Buyer
D)Borrower
Q31: Total sales book indicates
A)Total credit sales
B)Total cash
Q32: Total sales made during a year is
Q34: Debit note is prepared in connection with
A)Sales
Q35: Goods sold on credit will be entered
Q36: Cash purchase of fixed asset is entered
Q37: Normally value of closing stock _ in
Q38: Cost of goods sold plus selling expenses
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