The periodical total of the Sales Return Book is posted to the

Related MCQs

• The periodical total of Returns Inward Day Book is posted to 5
• Total of purchase return boo is posted periodically to the credit of ……
• Sales of 6,570 is recorded in the sales book as 6,750. Such Error is known as
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
• M/s. A.B. Enterprises has bank balance 8,800 as per cash book and the followings were found: (a) Three cheques deposited in bank for 5,800 but only one cheque for 2,000 was cleared. (b) Dividend collected by Bank 1,250 was wrongly entered in cash book as 1,520. What is balance as per pass book?
• When opening stock 50,000; closing stock 40,000; purchases 1,90,000 profit margin is 16.67% on sales, the sales are:
• X sends out goods to Y, costing 3,60,000. Goods are to be sold at cost plus 25% on sales. The consignor asked consignee to pay an advance for an amount equivalent to 60% of sales value. The amount of advance will be
• Goods bought for 25,000 passed through sales day book will result in
• It goods worth 1,750 returned to suppler is wrongly entered in sales returned book as 1,570 then
• The source document or voucher used for recording entries in Sales Book is