Credit purchase is determined by preparing
A) Purchase Account
B) Debtor's Account
C) Creditor's Account
D) Cash A/c
Correct Answer:
Verified
Q20: In single entry system sales are computed
Q21: The single entry system cannot be adopted
Q22: The minimum share application money is
A)Rs.5 per
Q23: When closing capital is more than opening
Q24: Which method is used under single entry
Q26: Under Incomplete records only _ accounts are
Q27: Single entry system contains
A)All the relevant accounts
B)Only
Q28: Bill dishonored is shown in
A)Bills receivable account
B)Bills
Q29: Credit sales can be ascertained by preparing
A)Creditors
Q30: Credit purchases can be ascertained by preparing
A)Creditors
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