Tag: book of original record - journal
Questions Related to book of original record - journal
Assets sold on credit are entered in sales journal.
The periodic total of purchase return journal is posted to ______________.
The periodic total of sales return journal is posted to_________.
Credit purchase of machine is entered in purchase journal.
Assets sold on credit are entered in __________.
Return of goods purchased on credit to the suppliers will be entered in _________ journal.
A purchased goods costing Rs. 1,00,000. B sold the. goods for Rs. 1,60,000. Profit sharing ratio between A and B being equal, what will be the final remittance ?
If Y takes away goods in personal business under memorandum joint venture method, then he will debit these goods in his books to ________________.
When a large number of articles are sent on a sale or return basis, it is necessary to maintain __________________.
P and Q enter into a Joint Venture sharing profits and losses in the ratio 3:2. P purchased goods costing Rs. 2,00,000. Other expenses of P Rs. 20,000. Q, sold the goods for Rs. 2,00,000. Remaining goods were taken over by Q at Rs. 10,000. The amount of final remittance to be paid by Q to P will be ______________.