Credit purchases can be ascertained by preparing

Related MCQs

• The amount of credit purchases can be ascertained by preparing a
• Credit sales can be ascertained by preparing
• A few errors committed in Ahhiwalia's books of account are given below. State which errors would affect the Trial Balance. (a) Sales of `950 to Ram completely omitted from books of account (b) Purchases of `720 from Shyam entered in the purchases journal as `700 (c) Purchases Journal is overcast by `1,000 (d) Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal's account (f) Bank overdraft shown under debit column in the Trial Balance (g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq (h) Wages paid for installation of machinery debited to wages account
• R Ltd. makes purchases on credit. If the purchases are not as per the specifications, the company returns them to the suppliers. The book, that is used to record such returns is
• The amount of opening stock can be ascertained by preparing
• Under the net worth method, the profit can be ascertained by preparing
• The closing capital can be ascertained by preparing
• Capital at the beginning of the year is ascertained by preparing
• Opening capital is ascertained by preparing:
• Under______ system branch profit or loss is ascertained by preparing branch accounts