All credit sales are recorded in

A. Sales Day Book

B. Sales Credit Book

C. Sales Day Account

D. Sales Day Register

Related Questions

  1. If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
  2. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  3. The life span of a company is dependent on the life span of the
  4. Capital of the business is an example of external liability.
  5. Net Realisable Value of an asset means
  6. In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
  7. Capital + Long-term liabilities = Fixed Assets + Current Assets + Cash - Current Liabilities.
  8. Accrual concept implies accounting on cash basis.
  9. Wages and Salaries is a charge against
  10. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  11. The first step of accountancy is
  12. The aggregate of direct material, direct labour and direct expenses is known as
  13. Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
  14. The short description of a transaction written at the end of a journal entry is known as _______________.
  15. Depreciation is not charged on _______________.
  16. Business ventures, which are started for a predefined period, are known as _____________ventures
  17. Trial Balance is prepared after the preparation of Profit and Loss Account.
  18. An expense incurred to keep the machine in working condition is a capital expenditure.
  19. Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
  20. An expenditure intended to benefit the current period is revenue expenditure.
  21. Copyright is an example of
  22. The basic unit of measurement of the accounting system is ______________.
  23. Providing depreciation ensures sufficient cash for asset replacement.
  24. Cash payments are recorded on the _______________ of the Cash Book.
  25. Depreciation cannot be provided in case of loss, in a financial year.
  26. All events are transactions but all transactions are not events.
  27. Goodwill is not a fictitious asset.
  28. Contingent liability is an ascertained liability but its amount and due date are indeterminate.
  29. WIP stands for
  30. According to the Concept of Conservatism, an accountant should

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