Accounting - Study Mode
[#1921] The cash book records:
Correct Answer
(C) all cash receipts and payments
[#1922] Overcasting of purchases journal would affect . . . . . . . .
Correct Answer
(B) Purchase account
[#1923] Rs. 19,500 debited to building repairs on 31 st December 1993 included Rs. 9,500 as the cost of building a small room for the watch man. A bill of Rs. 800 for colour wash of the whole building during the year was not received till 1993 December. The amount to be debited to profit and loss account would be:
Correct Answer
(C) Rs. 10,800
[#1924] Assets which do not carry more than normal credit risk is known as . . . . . . . .
Correct Answer
(C) standard asset
[#1925] In book-keeping posting means:
Correct Answer
(A) to record the transactions from the journal to ledger