Advertisements
Advertisements
Question
Complete the following sentence:
Assets sold on credit are entered in ______
Solution
Assets sold on credit are entered in journal proper.
APPEARS IN
RELATED QUESTIONS
Answer the following question in one sentence:
Which transactions are recorded in the Journal Proper?
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Credit purchase of Machinery is recorded in the ______
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Entry for bad debts is recorded in the ______
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
The person who draws the cheque and signs on it is the ______.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
A fixed amount is deposited for a fixed period in ______ deposit account.
State whether the following statement is True or False with reasons:
Journal is a book of secondary entry.
Complete the following sentence:
In Journal Proper, only ______ discount is recorded.
Purchases of fixed assets on credit basis is recorded in _____________.
Closing entries are recorded in ___________.
What is journal proper?
What is an opening entry?
