A. Cash payments journal
B. Cash receipts journal
C. Purchases return journal
D. General journal
Author: admin
A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal
A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal
A. Cash account
B. Bank account
C. Equipment account
D. Accrued expenses account
A. Rent income account
B. Creditors account
C. Unearned income account
D. Cash account
A. Arithmetic accuracy
B. Errors of commission
C. Omissions of economic events
D. Understatements of balances
A. Complete omission of a transaction
B. Partial omission of a transaction
C. Error of principle
D. Compensating errors
A. Frequently during the year
B. At the end of an accounting period
C. At the end of a month
D. At the end of a year
A. No error in recording transactions
B. No error in posting entries to ledger accounts
C. Account balances are correct
D. Mathematically Capital+Liabilities=Assets
A. It lists down the balances of accounts
B. It lists down the balances of a balance sheet
C. It is a kind of financial statement
D. It is not a part of accounting cycle