Transactions that a business does not record in any specialized journal are recorded in which of the following books?
A. Cash payment journal
B. Cash receipt journal
C. Purchases return journal
D. General journal
Answer: Option D
Solution(By Examveda Team)
Transactions that a business does not record in any specialized journal are recorded in General journal.This Question Belongs to Commerce >> Accounting
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
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