1.

Give a word/term or phrase for each of the following statements:(i) Subsidiary book in which only credit sale of goods is recorded.(ii) Subsidiary book in which return of goods purchased on credit is recorded.(iii) Source document on the basis of which Purchase Book is prepared.(iv) Source document on the basis of which Sales Book is prepared.(v) Source document on the basis of which Purchase Return Book is prepared.

Answer»

(i) Sales Book

(ii) Purchase Return

(iii) Inward Invoice

(iv) Outward Invoice

(v) Debit Note



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