Which of the following is known as an evidence that a transaction took place?

Related Mcqs:

An asset must be _______ by the business to be shown as an asset in its “balance sheet”

A. Possessed B. Owned C. Controlled D. Used...

Which of following best describes the increase in equity expands___________?

A. Business operations B. cash outflows C. Inflows of cash D. Appropriation expenses...

Which of the following is true?

A. Error of casting affects personal accounts B. Omission of a transaction from a subsidiary record affects only one account C. Error of carry forward affects two accounts D. Error of principle involves an incorrect allocation of expenditure or receipt between capital and revenue...

Insurance prepaid is shown as:___________?

A. Current Asset B. Current Liability C. Fixed Asset D. Income...

How many parties are generally found in a Bill of Exchange?

A. 4 B. 2 C. 3 D. 5...