Financial Accounting

Financial Accounting
Amount of noting charges is the actual expense of:
Drawee
Drawer
Banker
Endorsee
Author: rikazzz Comment
Cash Book
_______ is book in which all transactions concerning cash receipts and cash payments are recorded.
Journal proper
Cash book
Sales Book
none of above.
Author: rikazzz Comment
Cash Book
Contra entries are passed only when :
Simple cash book is prepared
Three-column cash book is prepared
Double-column cash book is prepared
None of the above
Author: rikazzz Comment
Cash Book
The data and month of the first entry are written :
on the next line of the data column
on the same line of the data column
on a line above the data column
at the left of the data column
Author: rikazzz Comment
Financial Accounting
The capital receipts are shown in the balance sheet on the:
Liability Side
Asset Side
Debit Side
None of these
Author: rikazzz Comment
Financial Accounting
The owner of the business is known as:
Sale man
Agent
Proprietor
Employee
Author: rikazzz Comment
Cash Book
In the Sales Book ______ of goods recorded.
Cash sale
Credit sale
Budgeted sales
All of the above
Author: rikazzz Comment
Cash Book
The total of the purchases day book is posted periodically to the debit of :
Purchases account
Cash book
Journal proper
None of these
Author: rikazzz Comment
Financial Accounting
Capital account is a kind of:
Real account
Nominal account
Personal account
Income account
Author: rikazzz Comment
Cash Book
Cash book does not record:
Credit Purchases
Credit Sales
Outstanding Expenses
All of these transactions.
Author: rikazzz Comment

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