Purchases book is used to record______

(a)

all purchases of goods

(b)

all credit purchases of assets

(c)

all credit purchases of goods

(d)

all purchases of assets

Sales return book is used to record_________

(a)

Returns of goods by the customer for which cash is paid immediately

(b)

Returns of goods by the customer for which cash is not paid immediately

(c)

Returns of assets by the customer for which cash is not paid immediately

(d)

Returns of assets by the customer for which cash is paid immediately

Purchases of fixed assets on credit basis is recorded in_______

(a)

Purchases book

(b)

Sales book

(c)

Purchases returns book

(d)

Journal proper

The sub-division of work gives the advantage of specialisation leading to _____

(a)

business transactions

(b)

efficiency

(c)

decision making

(d)

none of these

______ is one of the most important books, in which credit purchases of goods are recorded.

(a)

Purchase book

(b)

Sales book

(c)

Purchases returns book

(d)

None of these

Sales returns book

(1)

Purchase book

Invoice number

(2)

sales returns book

Debit note number

(3)

Return in inwards

Credit note number

(4)

Written document

Bill of exchange

(5)

Purchases returns book