______ is the statement prepared by the seller of goods.

(a)

Voucher

(b)

Receipt

(c)

Invoice

(d)

Ledger Folio

Entries in the purchases day book are made from invoices which are popularly known as _____

(a)

Invoice

(b)

Bills

(c)

Journals

(d)

Ledger

Business concerns are always profit motivated and try to increase their _____

(a)

Purchases

(b)

Production

(c)

Sales

(d)

None of these

______ is an allowance given on list or catalogue price of the article at the time of selling.

(a)

Cash Discount

(b)

Credit Discount

(c)

Trade Discount

(d)

None of these

_____ is maintained to record only credit sale of goods in which the business dealing.

(a)

Purchases book

(b)

Sales book

(c)

Cash book

(d)

Purchases returns book