Tag: meaning, definition, and advantages of double entry book-keeping

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Multiple choice commercial applications meaning and fundamentals of double entry book-keeping double entry system meaning, definition, and advantages of double entry book-keeping meaning, definition, need, objectives and limitations of double entry system introduction to single entry system and difference between single entry and double entry system meaning and featuresof incomplete records

As the book keeper, identify the account to which you will post the following transaction recorded by the Cashier in the cash account:
Rs. 500 paid to buy a cash book and ledger book _________________.

  1. Stationery Account

  2. Accounting books Account

  3. Purchases Account

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Buying a cash book and ledger book is an administrative expense for maintaining accounting records. Such items are classified as stationery or office supplies.