Which of the following statements is/are true?
(i) Cash Book records all cash receipts and cash payments
(ii) Cash Book records all sale and purchase transactions of goods both in cash and on credit
(iii) Cash Book records discount on Cash Payments
A) Only (i) above
B) Only (ii) above
C) Only (iii) above
D) Both (i) and (iii) above
Correct Answer:
Verified
Q1: When Fixed Assets are sold
A)The Total Assets
Q2: Withdrawal of goods from stock by the
Q3: Withdrawals by proprietor would
A)Reduce both Assets and
Q4: Which of the following is true?
A)The payment
Q6: Trade discount allowed at the time of
Q7: The Periodical total of the Sales Return
Q8: If the Petty Cash fund is not
Q9: XYZ Ltd. Paid wages of ` 8,000
Q10: Purchase of goods on credit
A)Increases Liabilities
B)Increases Assets
C)Increases
Q11: Which of the following is not an
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