Tag: book keeping and accountancy
Questions Related to book keeping and accountancy
Opening, closing and adjustment entries are recorded in _______________.
______ are used at the end of the accounting year for closing accounts relating to expenses and revenues.
When obsolete assets are sold on credit, these are originally recorded in the _______________.
Investment was sold on credit for 1,00,000 at par will be recorded in _______________.
State with reasons whether the following statement is true or false:
Closing entries are recorded in journal proper.
The prime entry for reversing a discount allowed to a customer would be in _________.
When Sales or Return Journal is maintained, a journal entry is passed for _________________.
'A' owned Rs. 25,000 to 'B' 'A' becomes insolvent. 'B' got A's computer valuing Rs. 11,500 in his full settlement journal entry will be passed in the books of 'B'.
Narration is given along with journal entry _____________.
Journal records the transaction of the firm in a _____________.