Tag: sub-division of journal - 2 (subsidiary books)
Questions Related to sub-division of journal - 2 (subsidiary books)
Sale or Return Day Book and Sale or Return Ledger are Known as _________________.
Goods returned to X for Rs.10,000 passed through the sales Book. The error will result in ________________.
Goods sold to Y for Rs.10,000 passed through the sales Return Book. The error will result in _________________.
Goods purchased from X for Rs.10,000 passed through the sales Book. The error ________________.
If two or more transactions of same nature are journalized together it is known as ________________.
In the Sale or Return Ledger _______________________.
Proprietor's account is ___ account.
A company sent their cars to dealers on sale or return basis. All such transactions are however treated like actual sales and are passed through a sales day book. Just before the end of the financial year two cars which costs Rs 50000 each have been sent on 'sale return' and have been debited to customers at Rs 60000 each, cost of goods lying with the customers will be _______________.
Rs. 5,000 received from Ram on 1.1.09 for the old furniture sold to him on 1.06.08 which of the following entry should be passed for recording the transaction in the books of accounts?
Following are the sales return of Jindal & Co. a saree dealer:
05.01.2016 - Goyal & Co. Rampur returned 2 Polyster sarees @ 125 each
10.01.2016 - Accepted return of goods by Garf & Co. 2 Kota sarees @ 50
17.01.2016 - Mittal & Co. Hissar returned 2 silk sarees @ 325
31.01.2016 - Mohan returned one typewriter @ 500
Total of sales returns book will be _____.