The other name of journal is____________?
The other name of journal is____________?
A. Ledger
B. T account
C. Day book
D. Cash book
Similar Posts
Computers taken on hire by a business for a period of twelve months should be classified as:___________?
Computers taken on hire by a business for a period of twelve months should be classified as:___________?A. Current assets
B. Intangible assets
C. Deferred revenue expenditure
D. Not an asset
Computers taken on hire by a business for a period of twelve months is not an asset because it is not owned by the business to be classified as asset. Thus, the correct answer is D.. Since it is not an asset it cannot be classified as any asset and other alternatives are not the correct
answers.Which of the following accounts will be credited if a company purchases building for cash?
Which of the following accounts will be credited if a company purchases building for cash?
A. Capital account
B. Fixed assets account
C. Building account
D. Cash accountCash received from debtors would be deemed as___________of funds.
Cash received from debtors would be deemed as___________of funds.
A. No flow
B. Sources
C. Uses
D. GainTransactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
A. Cash payments journal
B. Cash receipts journal
C. Purchases return journal
D. General journalWhich of following best describes the increase in equity expands___________?
Which of following best describes the increase in equity expands___________?
A. Business operations
B. cash outflows
C. Inflows of cash
D. Appropriation expensesA cash deposit made by business appears on the bank statement as _______ balance?
A cash deposit made by business appears on the bank statement as _______ balance?A. Debit
B. Credit
C. Expenses
D. Liability