Do you agree or disagree with the following statements :(i) Purchase

1.	Do you agree or disagree with the following statements :(i) Purchase of Assets should be debited to purchase A/c.(ii) A cash discount is recorded in the books of Accounts.(iii) GST is imposed by the local body.(iv) Capital is an asset for business organisations(v) With NEFT, RTGS Transaction Cash A/c is affected.
Answer» (i) Disagree (ii) Agree (iii) Disagree (iv) Disagree (v) Disagree

Do you agree or disagree with the following statements :(i) Purchase of Assets should be debited to purchase A/c.(ii) A cash discount is recorded in the books of Accounts.(iii) GST is imposed by the local body.(iv) Capital is an asset for business organisations(v) With NEFT, RTGS Transaction Cash A/c is affected.

Answer»

(i) Disagree

(ii) Agree

(iii) Disagree

(iv) Disagree

(v) Disagree