Related InterviewSolutions

• Which special goods transactions are recorded in the Journal proper ?
• Which types of transactions are recorded in the journal proper?
• Which internal transactions are recorded s in the journal proper ?
• Which types of transactions are recorded in the journal proper?(a) Credit purchase of goods(b) Credit sales of goods(c) Credit purchase-sales of an asset(d) Goods returns
• Where rectification entries are recorded ?(a) In cash book(b) In bills receivable book(c) In journal proper(d) In trial balance
• What is called Journal proper ?
• What are rectification of errors?
• Why are opening entries passed?
• Why adjustment entry for closing stock of goods is to be passed at the end of the year?
• Why adjustment entries are to be passed at the end of the year?