Recording of Transactions - II
Class 11 · Accountancy · 45 Questions
When a firm maintains a cash book, it need not maintain;
Double column cash book records:
Goods purchased on cash are recorded in the:
Cash book does not record transaction of:
Total of these transactions is posted in purchase account:
The periodic total of sales return journal is posted to:
Credit balance of bank account in cash book shows:
The periodic total of purchases return journal is posted to:
Balancing of account means:
Fill in the Correct Words:
State whether the following statements are True or False:
Briefly state how the cash book is both journal and a ledger.
What is the purpose of contra entry?
What are special purpose books?
What is petty cash book? How it is prepared?
Explain the meaning of posting of journal entries?
Define the purpose of maintaining subsidiary journal.
Write the difference between return Inwards and return outwards.
What do you understand by ledger folio?
Write the process of preparing ledger from a journal.