Total of purchase return boo is posted periodically to the credit of ……

Related MCQs

• The periodical total of the Sales Return Book is posted to the
• The periodical total of Returns Inward Day Book is posted to 5
• Credit purchase of fixed asset is recorded in
• Purchase of a fixed asset on credit basis is recorded in …………….
• In case credit balance , the words ………….. are written on the credit side.
• In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales, the profit will be
• A purchase of 49,500 from Shiva was recorded in Purchases Book as 59,400, the profit would show
• Purchase price of Machine 8,90,000; Freight and Cartage 7,000; Installation charges 30,000; Insurance charges 20,000; Residual value is 40,000; estimated useful life 5 years. The amount of annual depreciation under straight line method will be
• Purchase book records:
• 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: