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Subsidiary Books and Bill Transactions

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Questions and Answers

Which book is meant for entering only credit sales of goods by the trader?

Sales Book (correct)

Sales Return Book

Bill Book

Purchases Return Book

What is the main purpose of using subsidiary books in a business?

To complicate the recording process

To delay the posting of transactions

To reduce the volume of transactions (correct)

To increase the chances of errors

Why is it practically impossible to write all transactions in one journal for a business with a large number of transactions?

Because it becomes bulky and voluminous (correct)

Because it facilitates the installation of an internal check system

Because it simplifies the recording process

Because it reduces the chances of errors

What type of transactions can be grouped in one category according to their nature?

<p>Cash transactions only</p> Signup and view all the answers

Which book is meant for entering the details of goods returned by the business to its suppliers?

<p>Purchases Return Book</p> Signup and view all the answers

Subsidiary Books and Bill Transactions

Choose a study mode

Podcast

Questions and Answers

Which book is meant for entering only credit sales of goods by the trader?

What is the main purpose of using subsidiary books in a business?

Why is it practically impossible to write all transactions in one journal for a business with a large number of transactions?

What type of transactions can be grouped in one category according to their nature?

Which book is meant for entering the details of goods returned by the business to its suppliers?

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