Which of these is not a special purpose journal?

✅ C. Accounts receivable

Option A : Cash Option B : Bank balance Option C : Accounts receivable Option D : Cash reserve Correct Answer : Accounts receivable Read more

✅ A. Written down value

Option A : Written down value Option B : Accumulated value Option C : Salvage value Option D : Residual Value Correct Answer : Written down value Read more

✅ D. Debit of 600 and 200 to insurance company and Profit and Loss Account respectively and credit of 800 to Trading Account

Option A : Debit of 800 to Trading Account and credit of 600 and 200 to insurance company and Profit and Loss Account respectively Option B : Deduct the 800 from closing stock in the Trading Account Option C : Credit insurance company for 600 Option D : Debit of 600 and 200 to insurance company and Profit and Loss… Read more

✅ B. All types of cash receipts and payments

Option A : Only cash sales Option B : All types of cash receipts and payments Option C : Only revenue receipts Option D : Only capital receipts Correct Answer : All types of cash receipts and payments Read more

✅ A. 2,40,000

Option A : 2,40,000 Option B : 2,10,000 Option C : 2,00,000 Option D : 1,80,000 Correct Answer : 2,40,000 Read more

✅ B. Credit

Option A : Debit Option B : Credit Option C : Expenses Option D : Liability Correct Answer : Credit Read more

✅ A. Current Assets

Option A : Current Assets Option B : Fixed Assets Option C : Current Assets& current liabilities Option D : All of the above Correct Answer : Current Assets Read more

✅ B. Differential costs

Option A : Relevant costs Option B : Differential costs Option C : Target costs Option D : Sunk costs Correct Answer : Differential costs Read more