This a MCQ (Multiple Choice Question) based practice test of Chapter 4 - Preparation of Journal Ledger Account etc of Accountancy of Class XI (11) for the quick revision/preparation of School Board examinations
Q Goods purchased on cash are recorded in the :
Cash book does not record transaction of :
Transferring entries from journal to ledger account is commonly known as
Negative balance of bank account in cash book shows:
Double column cash book records:
Balancing of account means :
The owner invests personal cash in the business.
Payment of Bank loan will effect_____
Cash book is a _______ journal.
In Journal proper, only_______ discount is recorded.