Drawings by owner of business are generally recorded on which of the following side of a cash book?

✅ C. 24

Option A : 37.5 Option B : 38.25 Option C : 24 Option D : 35 Correct Answer : 24 Read more

✅ C. Deducted, Added

Option A : Added, Reduced Option B : Added, Added Option C : Deducted, Added Option D : Deducted, Deducted Correct Answer : Deducted, Added Read more

✅

Option A : Expenses in connection with issue of equity shares Option B : Preoperative expenses Option C : Heavy advertising expenses to introduce a new product Option D : Legal expenses incurred in defending a suit for breach of contract to supply goods Correct Answer : Read more

✅ B. Prompt

Option A : Lump sum Option B : Prompt Option C : Actual Option D : None of them Correct Answer : Prompt Read more

✅ D. Last in, First Out

Option A : Lots in , Few out Option B : Link input, Format Output Option C : Last input, First Output Option D : Last in, First Out Correct Answer : Last in, First Out Read more

✅ C. Cash book

Option A : Cash receipt journal Option B : Cash payment journal Option C : Cash book Option D : Financial statements Correct Answer : Cash book 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. Royalty

Option A : Dividend Option B : Royalty Option C : Purchase consideration Option D : Installment Correct Answer : Royalty Read more