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Question

Sales & Purchase journal don't record :


A

Credit Sales

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B

Credit purchases

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C

Credit sales & purchases

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D

Cash sales & purchases

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Solution

The correct option is D

Cash sales & purchases


Sales & purchase journal don't record cash sales & purchases.


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Q.

Rectify the following errors:

(a)

Credit Sales to Mohan Rs 7,000 were recorded in purchases book.

(b)

Credit Purchases from Rohan Rs 900 were recorded in sales book.

(c)

Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.

(d)

Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.

(e)

Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

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