MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Recording Interest on Capital & Drawings

Which of the ...

Question

Which of the following books should be used to record purchase of furniture on credit?

A

Cash book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Journal proper

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Purchases book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Sales book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Journal proper
The book in which the transaction is recorded for the first time is called journal or book of original entry. Hence, the purchase of furniture on credit transaction should be recorded in journal proper.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following books should be used to record purchase of a typewriter on account ?

Q. Which of the following books should be used to record purchase of a type writer on account?

Q. Which of the following books should be used to record purchase of merchandise on account?

Q. Which of the following books is used to record purchase of the machinery by cash ?

Q. Which of the following books should be used to record an adjusting entry for depreciation?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Transactions Omitted to Record

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Recording Interest on Capital & Drawings

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon