Tag: elements of accounts

The prime entry for the acquisition of a cash book, ledgers and a journal for Rs 240 from X Ltd. on credit would be in the:

The journal entry to account for the acquisition on credit of factory machinery from Millet plc should require which of the following:

An office equipment bought on credit would first be entered by the purchaser in the ________________.

Another name of journal is _____________.

Journal has _______ columns. 

_______ is a book of account, in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained. 

Credit sale of various assets or investments will be recorded in ____________.

_______ is a book in which all the business transactions are originally recorded in chronological order and from which then are posted to the ledger accounts at any convenient time. 

Journal is book of _______________.

Goods Outward Journal is meant for recording all returns of goods _______________.