Purchase of Fixed Assets on credit is originally recorded in
A) Purchases Book
B) Ledger
C) Cash Book
D) Journal Proper
Correct Answer:
Verified
Q17: ABC Ltd. makes payments to its Sundry
Q18: R Ltd. makes purchases on credit. If
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
Q23: If you start with cash book favorable
Q24: When a Fixed Asset is obtained as
Q25: Which of the following is/are fixed asset(s)?
A)Closing
Q26: Bank Overdraft is shown as a
A)Current Liability
Q27: Which of the following is NOT a
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