Sales and purchase journal doesn't record
A. Credit sales
B. Credit purchases
C. Credit sales and purchases
D. Cash sales and purchases
Answer: Option D
Solution(By Examveda Team)
Sales and purchase journal doesn't record Cash sales and purchases.This Question Belongs to Commerce >> Accounting
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Comments ( 3 )
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
because cash sales and purchases will not be recorded in sales and purchase book rather it will be recorded in CASH BOOK...EASY✌️
cash sales + cash purchase - recorded in cash book
Credit sales + credit purchase - recorded in sales journal and purchase journal respectively !!
anybody would help me explain this question