In which order monthly transactions are recorded in a Journal?
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Pass Journal entries. Also give Journal entries for writing off Loss on Issue of Debentures.
Dr. Securities Premium Reserve A/c by ₹ 10,000 and Statement of profit and Loss by ₹ 20,000, Cr. Loss on Issue of Debentures A/c by ₹ 30,000.
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i. ______ means explanation of the transactions recorded in the Journal. (a) Narration (b) Journalising
i. (a) Narration ii. (a) Trade iii. (b) journalising iv. (c) narration v. (c) ledger folio
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i. Narration is not required for each and every entry. ii. A journal voucher is a must for all transactions recorded in the Journal.
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i. Every Journal Entry requires ________ ii. _______ discount is always recorded in the books of accounts.
i. Narration ii. Cash iii. Voucher iv. Three v. Crossed.
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All business transactions are recorded in the Journal.
Only monetary transactions are recorded in the Journal.
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Which transactions are recorded in Purchase Book?
Goods purchased on credit for resale are only recorded in the Purchase Book.
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Which transactions are recorded in the Journal Proper?
Journal Proper is meant for recording opening entries, closing entries, adjustment entries, transfer entries, and rectification entries.
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i. Additional cash introduced in business is recorded in _______ (a) Purchase Book (b) Cash Book (c) Journal Proper (d) Returns Inwards Book
i. (b) Cash Book ii. (d) Journal Proper iii. (c) receipts iv. (a) drawer v. (c) Fixed
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i. Cash Book is a _______ Journal. ii. In Journal Proper, only ________ discount is recorded.
i. Subsidiary ii. Cash iii. Purchase return iv. Journal proper v. Bank
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Cash Book records cash transactions as well as credit transactions.
Cash Book records only cash transactions.
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