Cash purchase of fixed asset is entered in the
A) Purchase book
B) General ledger
C) Cashbook
D) Purchase account
Correct Answer:
Verified
Q31: Total sales book indicates
A)Total credit sales
B)Total cash
Q32: Total sales made during a year is
Q33: Sales return account is a _ account
A)Personal
B)Nominal
C)Real
D)Current
Q34: Debit note is prepared in connection with
A)Sales
Q35: Goods sold on credit will be entered
Q37: Normally value of closing stock _ in
Q38: Cost of goods sold plus selling expenses
Q39: Trading account is a _ account
A)Personal
B)Real
C)Nominal
D)Expenses
Q40: 1/6 profit on sales means _ on
Q41: In sole trader balance sheet asset are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents