Purchase journal is kept to record_____________?

Related Mcqs:

Which of the following account with normal balance is shown at the debit side of a trial balance?

A. Rent income account B. Creditors account C. Unearned income account D. Cash account...

Which of the following is a liability?

A. Cash B. Equipment C. Debtors D. Creditors...

The process of recording is done?

A. Two times a year B. once a year C. Frequently during the accounting period D. At the end of a accounting period...

Gross Profit is equal to_________?

A. Sales – Cost of goods sold B. Sales – Closing Stock + Purchases C. Opening Stock + Purchases – Closing Stock D. None of the above...

Negotiable Instrument Act was enacted in_________?

A. 1981 B. 1881 C. 1871 D. 2001...