Financial Accounting MCQs

In __ transaction personal account may or may not be involved while in _ Transaction personal account is definitely involved

April 25, 2022

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In ____ transaction personal account may or may not be involved while in ___ Transaction personal account is definitely involved

Q. In __ transaction personal account may or may not be involved while in _ Transaction personal account is definitely involved.

A. General, journal

B. Cash, sales

C. Credit, purchase

D. Cash, credit

Answer: Cash, credit

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 = _

In ____ transaction personal account may or may not be involved while in ___ Transaction personal account is definitely involved

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Journal is used as the book of _ entry which cannot be recorded in _

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