Name the book in which, entries are recorded on the basis of credit notes issued.
A) Sales Book
B) Purchase Book
C) Sales Return Book
D) Purchase Return Book
Correct Answer:
Verified
Q84: Realisation Account is a:
A)Representative Personal Account.
B)Artificial Personal
Q85: Bank shows the provision for income tax
Q86: Bank Reconciliation Statement is:
A)Ledger Account
B)Part of cash
Q87: Income & Expenditure A/c shows subscriptions `10,000.
Q88: A non-performing asset is:
A)Money at call and
Q90: Exception to consistency principle is
A)Cost Principle
B)Going Concern
Q91: The balance in consignment account shows
A)Amount receivable
Q92: Provision for bad debts is
A)Real Account
B)Nominal account
C)Personal
Q93: The business is treated as distinct and
Q94: Due to retrospective effect on revision of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents