Cash book records?

✅ A. Current assets and current liabilities

Option A : Current assets and current liabilities Option B : Profit and loss A/C and Balance sheet Option C : Current assets and non-current liabilities Option D : Current liabilities and non-current liabilities Correct Answer : Current assets and current liabilities Read more

✅ C. 3

Option A : 4 Option B : 2 Option C : 3 Option D : 5 Correct Answer : 3 Read more

✅ A. Balance Sheet

Option A : Balance Sheet Option B : Profit and Loss A/c Option C : Trading A/c Option D : None of these Correct Answer : Balance Sheet Read more

✅ B. Net Profit = Gross Profit + Administration expenses and Other expenses

Option A : Net Profit = Gross Profit “ Administration and Other expenses Option B : Net Profit = Gross Profit + Administration expenses and Other expenses Option C : Opening Stock + Purchases “ Closing Stock = Cost of Sales Option D : Both Correct Answer : Both and above Read more

✅ B. Uncredited checks

Option A : Unpresented checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Correct Answer : Uncredited checks Read more

✅ B. Known Liabilities

Option A : Unknown Liabilities Option B : Known Liabilities Option C : Creation of Secret Reserves Option D : All the Three Correct Answer : Known Liabilities Read more

✅ A. Debit Profit and Loss Account and deduct the provision from debtors

Option A : Debit Profit and Loss Account and deduct the provision from debtors Option B : Credit Profit & Loss Account and deduct the provision from debtors Option C : Credit Profit and Loss Account and add the provision to debtors Option D : Debit Profit & Loss Account and add the provision to debtors Correct Answer : Debit… Read more

✅ C. Debtors journal

Option A : Cash journal Option B : Purchase journal Option C : Debtors journal Option D : Sales journal Correct Answer : Debtors journal Read more