Tag: sub-division of journal - 2 (subsidiary books)

State with reasons whether the following statement is true or false:
The return of goods by a customer should be debited to Return Outward Account.

A positive exposure will lead to when the currency of the subsidiary company appreciates.

A person shall not be appointed as Director if he is found to be of unsound mind by _____________.

Those transactions for which there is no separate book, are recorded in the __________.

Wages paid for repairing a machine should be debited to ___________.

A second hand motor car was purchases on credit from B & Co. for Rs $10,000$. It will be recorded in _______________.

Outstanding salary of Rs $34,000$ to be provided in the accounts will be recorded in  ________________.

Investment was sold on credit for Rs $1,00,000$ at par will be recorded in _______________.

NSZ. Ltd. makes payments to its sundry creditors through cheques and the cash discount received on these payments is recorded in the triple-columnar cash book. In the event of dishonour of any such cheques, the discount so received should be written back through - 
(i) A debit to discount column of the cash book. 
(ii) A credit discount column of the cash book. 
(iii) A credit to bank column of the cash book. 
(iv) A debit to discount account through journal proper.
(v) A credit to creditor's account through journal proper. 
Select the correct answer from the options given below- 

Goods were sold on credit basis to Mr. Ram for Rs $10,000$. It will be recorded in _______________.