The Sales Returns Day Book would include:
A) Goods bought on credit .
B) Fixed Assets bought that are inappropriate for business .
C) Stock that customers have returned .
D) Goods bought on credit that are returned to the original supplier
Correct Answer:
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Q36: Rent outstanding for the month of December'12
Q37: Goods worth ` 5,000 purchased from A
Q38: Which column of Cash Book is never
Q39: The total of debit side of discount
Q40: Prepaid rent is a -
A)Nominal A/c .
B)Representative
Q41: Which of the following assets is a
Q42: Nominal A/c represents-
A)Profit/Gain .
B)Loss/Expenses .
C)None .
D)Both (a)
Q43: SBI A/c is a -
A)Nominal A/c .
B)Artificial
Q44: Liability A/c has……………. Balance
A)Debit .
B)Credit .
C)No balance
Q46: An Investment in one asset A/c may
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