R Ltd. makes purchases on credit. If the purchases are not as per the specifications, the company returns them to the suppliers. The book, that is used to record such returns is
A) Returns Inward Book
B) Returns Outward Book
C) Cash Book
D) Journal Proper
Correct Answer:
Verified
Q13: Ledger is also called
A)Principal book of accounts
Q14: Which of the following transactions of a
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
Q19: If Office Equipment is purchased for cash,
Q20: The periodical total of discount column on
Q21: Which of the following statements is false?
A)Credit
Q22: Purchase of Fixed Assets on credit is
Q23: If you start with cash book favorable
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