Account MCQ .(1 Marks)

While starting the business when assets brought by the owner then which assets from the following will not be recorded in journal proper?

Bad debt due to insolvency of debtor is recorded in which subsidiary book?

Entries for the rectification of errors is to be recorded in which subsidiary books?

Entries passed to rectify the errors committed while recording accounts are known as ___________ .

After account of incomes are closed, then it is transferred to which account?

After account of goods are closed, then it is transferred to which account?

Entries which are given at the end of the accounting year to close goods and incomes-expenses account is known as?

Where is the credit purchase of machinery recorded?

Where is the cash sale of furniture recorded?

At the end of the year, drawings account is closed by transferring to which account?