Which of the following is found in the private ledger?
B. sales
sales account
drawings account
bank account
Correct answer is C
No explanation has been provided for this answer.
Current assets
Current liabilities
Debit and credit balances
Debtors and creditors
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not contained in a journal? To record
small and repetive cash disbursemens
purchase and sale of fixed assets on credit
writing off bad debts
debtors and creditors
Correct answer is C
No explanation has been provided for this answer.
An allowance given to a customer by a supplier for prompt payment is
Trade discount
Discount received
Cash discount
Cash rebate
Correct answer is C
No explanation has been provided for this answer.
The systematic recording of business transactions is
auditing
book-keeping
debiting
crediting
Correct answer is B
No explanation has been provided for this answer.