Correct Answer: D
Explanation
Explanation
All of the above
Correct Answered :
Wrong Answered :
A
Understanding local environment/environmental issues
B
Understanding global environment/environmental issues
C
To develop positive attitude towards environment
D
All of the above
A
Credit sales return
B
Cash sales return
C
Both A and B
D
Purchase return
Goods sold on credit when returned by the customer is recorded in returned inward book or sales return book. Sales return book shows a debit balance as it is reverse to the sales, which has credit balance. When the goods are returned by the customer one note is prepared which is called as "Credit note". The returned outward book is used to record return of goods purchased on credit.
Correct Answered :
Wrong Answered :
A
Trial balance
B
Journal
C
Ledger
D
Both B and C
All cash transactions are primarily recorded in it as soon as they take place; so it is a journal (a book of original entry). On the other hand, the cash aspect of all cash transactions is finally recorded in the Cash Book (no posting in Ledger); so a Cash Book is also a Ledger (a book of final entry).
Correct Answered :
Wrong Answered :
A
Total cost of goods sold for the period.
B
The quantity of a particular product sold during the period.
C
The amount owed to a particular creditor.
D
The portion of total current assets that consist of cash
A
Credited to bad debts recovered account
B
Credited to debtors account
C
Debited to profit and loss account
D
None of the above
While journalizing for bad debts debtor`s personal account is credited and bad debts account is debited because bad debts written off are treated as a loss to the business and now when they are recovered it is seen as a fresh gain.
Correct Answered :
Wrong Answered :
A
Accured interest Dr. to customer
B
Accrued interest A/C dr To interest A/C.
C
Cash a/c Dr. to interest
D
None of the these