Which of the following is a journal as well as an account?
Sales day book
Cash book
General journal
Purchases journal
Correct answer is C
No explanation has been provided for this answer.
Where the head office maintains all books of account, goods sent to branch is credited to
Goods sent to branch account
Branch stock account
Branch stockk adjustment account
Head office current account
Correct answer is A
No explanation has been provided for this answer.
i ans ii only
i and iii only
ii and iii only
iii and iv only
Correct answer is D
No explanation has been provided for this answer.
The amount allowed off the cost price of an article to stimulate patronage is
cash discount
trade discount
discount on debt
discount on bills
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a revenue expenditure?
payment of salaries
payment for advertisement
purchases of motor vehicle
purchases of goods
Correct answer is C
No explanation has been provided for this answer.