Which of the following transactions of a business is/ are recorded in Journal Proper?
(i) Purchase of goods on credit
(ii) Sale of Office Furniture for cash
(iii) Discounting of Bill of Exchange with a bank
(iv) Endorsement of a Bill of Exchange in settlement of debt of the business
A) Only (i) above
B) Only (iv) above
C) Both (ii) and (iv) above
D) (i) ,(iii) and (iv) above
Correct Answer:
Verified
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
Q13: Ledger is also called
A)Principal book of accounts
Q15: Which of the following statements is/are true?
(i)
Q16: The entry to record the collection of
Q17: ABC Ltd. makes payments to its Sundry
Q18: R Ltd. makes purchases on credit. If
Q19: If Office Equipment is purchased for cash,
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