Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	When money is paid to a creditor or supplier a receipt is obtained from him which is called	Cash voucher Cash payment Receipt voucher Payment voucher
2	When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called	Payment voucher Receipt voucher Cash voucher None of these
3	The book in which all cash transaction are primarily recorded is called	Pass book Cheque book Finance book Cash book
4	A document given by the seller to the buyer for credit sale of goods or assets is called	Cash memo Invoice Voucher None of these
5	The periodical total of purchases returns book is posted to	Debit of returns outwards account Credit of returns inwards account Debit of returns inwards accounts Credit of returns outwards account

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