Purchased furniture for cash, which account will be debited.
Furniture
Purchase
Cash
None of the above
In debit amount column, the amount is to be ______ is recorded against debited A/c.
Debited
Credited
Both a and b
Narration is necessary for ________.
Entry posted or not
To represents a cross reference
To facilitate future reference
March 25, 2004. – Goods returned to James Rs. 7000 – from this transaction Identify which account is to be credited ?
James A/c
Purchase A/c
Purchase return A/c
Sold good for cash from this transaction which account has been debited.
Cash A/c
Sales a/c
Goods A/c
Withdrew cash from office for personal use in this transaction which account should be credited ?
Drawing A/c
Personal A/c
Goods distributed as free sample, in this transaction which account is credited ?
Advertisement A/c
Purchases A/c
Sales A/c
2008 July sold goods to Jai of the list price Rs 60,000 at a trade discount of 20 %.July 11 Jai returned goods of the list price Rs 8000July 12 cash received from Jai under cash discount of 5% find out the calculation of cash discount allowed to Jai.
Rs. 6400
Rs. 2080
Rs 37,520
Rs 39,520
All drawing must be accounted for and this is done by _____ a separate to drawing A/c
Debiting
Crediting
Both a & b
