BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?

Related Mcqs:

Debit balance = Credit balance in a trial balance indicates that:

A. No error in recording transactions B. No error in posting entries to ledger accounts C. Account balances are correct D. Mathematically Capital+Liabilities=Assets...

_________ is the first phase of accounting cycle?

A. Identifying an economic event or transaction B. Preparing journals C. Posting entries to ledger accounts D. Making decisions about business...

General journal is a book of _______ entries?

A. First B. Original C. Secondary D. Generic...

Which of the following will not appear in Profit and Loss Account of a business?

A. Drawings B. Bad debts C. Accrued expenses D. Reserve for discount on Sundry Creditors...

If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.

A. 8,000 units B. 11,000 units C. 10,000 units D. 9,000 units...