The Periodical total of the Sales Return Book is posted to the
A) Debit of Sales Account
B) Debit of Sales Return Account
C) Credit of Sales Return Account
D) Debit of Debtors Account
Correct Answer:
Verified
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
Q5: Which of the following statements is/are true?
(i)
Q6: Trade discount allowed at the time of
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
Q12: The process of balancing of an account
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