Purchase book is maintained to record _______________.

____________ is one of the records of circulation section.

If the purchases made during the year were Rs. 60, 000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12, 000 and Rs. 9, 000 respectively and the gross profit on sales was 1/5th, when which one of the following represent :-

A and B purchased a piece of land for Rs.40,000 and sold it for Rs.60,000 in 2005. Originally A had contributed Rs. 24,000 and B Rs. 16,000. What will be the profit on venture ?

Which of the following is not a main column of Sales or Return Journal ?

______records the details of goods returned by the business organization to the supplier(s). 

Mr. N returns the goods of Rs $50,000$ purchases on credit to Mr. Z. This transaction will be recorded by Mr. N in __and by Mr. Z in _____.

A second hand car is purchased for Rs. 20,000, the amount of Rs. 3,000 is spent on its repairs, Rs. 1,000 is incurred to get the car registered in owner's name and Rs. 2,000 is paid as dealer's commission.
The amount debited to car account will be _____________.

A machine was purchased for Rs. 10, 000 and its life was estimated to be 3 years, and at the end of its life, its book value was Rs. 5, 120. If depreciation is calculated according to Diminishing Balance Method, the rate of depreciation would be?

In India __________ has a pre-dominant share in the debt market.

The source document required for recording transactions in Purchase Return Book.

In the purchase book, the record is in respect of _________.

Mr. N returns the goods of  50,000 purchased on credit to Mr. Z. This transaction will recorded by Mr. N in ______ and by Mr. Z in ______.

Sales day book is the summary of both cash and credit sales of the concern.

State with reasons whether the following statement is true or false:
The Purchase Day Book is a part of the ledger.

State with reasons whether the following statement is true or false:
Purchase Book records all purchases of goods.

State with reasons whether the following statement is true or false:
The Sales Day Book is a part of ledger. 

State with reasons whether the following statement is true or false:
Purchase Books records all the credit purchase of goods.

State with reasons whether the following statement is true or false:
The sales-Book is kept to record both cash and credit sales.

Under sales or return on approval basis, when the transactions are few and the customer accepts the goods on approval or return basis, the accounting treatment will be __________________.