The periodic total of purchase day book is posted to____________?

Related Mcqs:

Another name of journal is_____________?

A. Specialized journal B. Day book C. Cash book D. Record book...

What is equity?

A. Cash from the business B. liability of a business C. Owner’s claim on total assets D. Owner’s claim on total liabilities...

Current assets – Current liabilities=?

A. Capital B. Absorbed capital C. Net assets D. Net working capital...

Closing stock in the Trial Balance implies that______________?

A. It is already adjusted in the opening stock B. It is adjusted in the Purchase A/c C. It is adjusted in the Cost of Sale A/c D. It is adjusted in the Profit &Loss A/c...

Tax deducted at source appears in the Balance Sheet

A. On the assets side under current assets B. On the assets side under loans and advances C. On the liabilities side under current liabilities D. On the liabilities side under provisions...