General journal is a book of _______ entries?
General journal is a book of _______ entries?
A. First
B. Original
C. Secondary
D. Generic
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A cash book with cash, bank and discount column is commonly referred as________?
A cash book with cash, bank and discount column is commonly referred as________?A. Cash book
B. Two columns cash book
C. Three columns cash book
D. Petty cash bookWhich of the following is generally not the party to a check?
Which of the following is generally not the party to a check?A. Payee
B. Payer
C. Bank
D. SellerThe normal balance of asset account is____________?
The normal balance of asset account is____________?A. Credit balance
B. Debit balance
C. Cash balance
D. Neither debit nor credit balanceA Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?A. 18,387
B. 18,560
C. 18,750
D. 19,000The closing balance of petty cash book is considered as_________?
The closing balance of petty cash book is considered as_________?A. Liability
B. Asset
C. Expenses
D. IncomeBank reconciliation statement is prepared by____________?
Bank reconciliation statement is prepared by____________?A. Accountant of the business
B. Manager of the business
C. Controller of the bank
D. Accountant of the bank