Which of the following specialised journals will record “goods returned by the BUSINESS “?

Related Mcqs:

Institute of Chartered Accountants of Pakistan was established in____________?

A. 1949 B. 1956 C. 1961 D. 1972...

Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?

A. Purchase journal B. Sales return journal C. General journal D. Cash receipt journal...

Identify the nominal account

A. Machinery account B. Building account C. Creditors account D. Rent expenses account...

A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case

A. P&L A/C is debited with 1,400 B. P&L A/C is debited with 1,200 C. 200 is shown as current asset D. Both B. and C. above...

Which of the following are current assets of a business?

i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income A. Both (i) and (iv) above B. Both (ii) and (iii) above C. (i),(ii) and (iii) above D. (ii),(iii),(iv) and (v) above...