Sales and purchase journal don’t record__________?

Related Mcqs:

Which of the following is the internal user of financial statements?

A. Creditor of the business B. Government agency C. Shareholder of the business D. Manager of the business...

Payment of expenses will ______ the assets

A. Increase B. Reduce C. apportion D. Overstate...

Debit side of Bank Pass book corresponds to___________?

A. Credit side of Cash Book B. Debit side of Cash Book C. Debit side of Trial Balance D. Credit side of Balance Sheet...

Computers taken on hire by a business for a period of twelve months should be classified as:___________?

A. Current assets B. Intangible assets C. Deferred revenue expenditure D. Not an asset...

Which of these is not an essential feature of a bill of exchange?

A. Unconditional B. Certainty of amount C. In writing D. Amount to be paid in foreign currency...