10 Class Accountancy Quiz 1.1

Purchase of furniture is—

Ledger is also known as—

Bank overdraft is—

Cash Book acts as—

A credit note is issued when—

Narration is written in—

Invoice is issued at the time of—

Ledger folio is used for—

Journal is also called—

Cash discount is allowed at the time of—

Wages paid for installation of machinery—

Goods returned by customer is—

Which has both debit & credit side?

Bank Reconciliation Statement is prepared by—

Contra entry appears in—

Trade discount is—

Posting means—

Ledger balancing means—

Purchase return is recorded in—

A debit note is issued when—