Credit memo or credit note No. is entered in which of the following journal?

Related Mcqs:

Sales on credit is recorded in which of the following journal?

A. Purchase journal B. Sales journal C. Purchases return journal D. Sales return journal...

Double entry implies that

A. Recording entries in journal B. Recording entries in Ledger account C. Recording two aspects of every transaction D. Recording every transaction in books...

The process of recording transactions in different journals is called_________?

A. Posting B. Entry making C. Adjusting D. Journalizing...

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...