Skip to content
MCQtimes.com
GK
Pakistan Studies
Current Affairs
Islamic Studies
English
MCQtimes.com
Toggle Menu
Journals, Ledgers, and Cash Books
Home
/
Financial Accounting
/
Journals, Ledgers, and Cash Books
- Page 10
Show/Hide Answers
Journals, Ledgers, and Cash Books
Favourable balance of cash book means:
Credit balance
Zero balance
Debit balance
Max. balance
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
Credit memo or credit note No. is entered in which of the following journal?
General journal
Cash journal
Purchase journal
Sales return day book
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
Which of the following is known as an evidence that a transaction took place?
Cash receipts journal
General journal
Source document
Cash book
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
Discount allowed is:
Expense of business
Income of business
Loss of business
Abnormal of business
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
Sales of £1,000 are subject to a trade discount of 20% and a cash discount of 5%. With VAT set at 17.5%. If the customer does not qualify for the cash discount, the amount we would receive would be:
£933.00
£931.25
£881.25
£893.00
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
Another name of journal is:
Specialized journal
Sales journal
Purchases return journal
Sales return journal
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
Bad debts amount is credited in:
Bad depts account
Purchase account
Sales account
Debtors account
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
A source document used to contract the cashbook would include:
Credit notes
Debit notes
Cheque counterfoils
Sales invoices
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
____________ is the evidence that a transaction took place.
Source documents
Ledger
Bonds
Journals
Author:
rikazzz
Comment
Journals, Ledgers, and Cash Books
In a journal, there are:
Six columns
Five columns
Four columns
Three columns
Author:
rikazzz
Comment
Page navigation
Previous Page
Previous
1
…
8
9
10
11
12
Next Page
Next
Go to Page
Light
Dark
GK
Pakistan Studies
Current Affairs
Islamic Studies
English