Specialized journals are more adequate for which TYPE OF BUSINESSES?

Related Mcqs:

Cash purchases is recorded in which of the following specialized journals?

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

Identify the asset from the following:

A. Cash and cash equivalent B. Creditors C. Notes payable D. Bank loan...

Which of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use?

A. Drawings B. Cash C. Business D. Stock...

Closing stock appearing in the Trial Balance is shown in:

A. Trading A/c and Balance Sheet B. Profit and Loss A/c C. Balance Sheet only D. Trading A/c only...

Negotiable Instrument Act was enacted in_________?

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