Which of the following is not a book of prime entry?
Cash book
Purchases day book
Sales day book
Journal paper
Purchases ledger
Correct answer is E
No explanation has been provided for this answer.
The purchases of a typewriter for the office was debited to purchases account. This is an error of
Commission
Omission
Original entry
Principle
Compensation
Correct answer is D
No explanation has been provided for this answer.
In a manufacturing company, wages paid to operatives increase the value of
Turnover
Prime cost
Gross profit
Overhead cost
Correct answer is B
No explanation has been provided for this answer.
In which of the following books will trade discount be recorded?
Cash book
General ledger
Purchases day book
Invoices
Journal voucher
Correct answer is C
No explanation has been provided for this answer.
Which of the following will a supplier send to a customer whose invoice was undercast?
Invoice
Debit note
Credit note
Cheque
Payment voucher
Correct answer is B
No explanation has been provided for this answer.