Purchases book is used to record

Related MCQs

• A purchase of 49,500 from Shiva was recorded in Purchases Book as 59,400, the profit would show
• 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:
• In a overdraft balance as per cash book, a cheque of 1,250 deposited into bank but not recorded in cash book will be
• Difference in Bank Balance as per Pass book and Cash book may arise on account of
• Journal proper uses to record _________________.
• Accounting does not record non-financial transactions because of
• The source document or voucher used for recording entries in Sales Book is
• Goods bought for 25,000 passed through sales day book will result in