The sales return day book is the book of prime entry for credit sales

F3 TRUE FALSE

Quiz
•
Mathematics
•
University
•
Medium
Huyen Khanh
Used 3+ times
FREE Resource
48 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
T
F
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The journal records all bank and cash transactions
T
F
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An invoice is raised by the business in order to confirm the amount not yet paid
T
F
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash book is the book of original entry for cash receipts and disbursements.
T
F
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debit note is in effect a request for a credit note
T
F
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debit records a decrease in liabilities or an increase in assets
T
F
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credits increase liability, equity, and expense account
T
F
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