Journal is used as the book of ___ entry which cannot be recorded in ___
READ MORE +Financial Accounting MCQs
In ____ transaction personal account may or may not be involved while in ___ Transaction personal account is definitely involved
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Return inward = ___, return outward = ___
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___ is the person who draws the bills of exchange & ___ is the person to whom the payment is to be made
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A ___ Increase in liability, while ___ increase in liability
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‘It’ is a control account maintained in the general ledger which records transactions of individual customer’s accounts in a summarized manner. Here ‘It’ stands for
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Subsidiary Ledger is classified into
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Folio means the page of
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Furniture Account is
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Which of the following is a document supporting cheques deposited into the bank?
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‘It’ is an artificial account that appears in the Trial Balance to account for undetected errors. Here ‘It’ stands for
READ MORE +Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?
Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?
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