Transactions involving receipt in……………..are recorded on receipt side of cash book.

Related MCQs

• They record a few translation completely just like the double entry system but a majority of the transactions are recorded only partially is known as incomplete records.
• Under…………… entry system, Personal Accounts and Cash Book are kept separately.
• Most of the farming transactions are transacted on ……………..basis.
• Interest paid and payable comes to the……………side of the profit and loss account.
• Dividend received on shares is comes to the……………. side of profit and loss account.
• Deposits from Society and individuals should be shown separately to the …….. side of balance sheet.
• Banks are to recognize their income on cash basis in respect of income on performing assets.
• Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.
• Stock is considered as a liquid asset as anytime it can be converted into cash immediately.
• The closing balance of book debts account is ascertained by preparing branch ………………Account.