1.

Give a word/term or phrase for each of the following statement:i. A person who maintains Petty Cash Book.ii. A bank account which the businessman prefers to open.iii. Petty Cash Book in which the payment side is ruled in suitable columns.iv. Subsidiary book in which only credit purchases of goods are recorded.v. Subsidiary book in which return of goods sold on credit is recorded.

Answer»

i. Petty Cashier

ii. Current Account

iii. Analytical Petty Cash Book

iv. Purchase Book

v. Sales Return Book



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