A 'Supporting Voucher' is also known as: MCQ with Answer and Explanation

Question Report Error

A 'Supporting Voucher' is also known as:

A. Source document

B. Journal voucher

C. Cash voucher

D. Transfer voucher

Answer: Option A

Solution (By JKExamLibrary)

Source documents like bills, receipts support the transaction.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Practice More Accountancy and Book Keeping Questions

Question #1 Report Error

The 'Composition Scheme' under GST is optional for:

A. All taxpayers

B. Importers

C. Small taxpayers with turnover up to specified limit

D. Large taxpayers

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Correct Answer: Option C

Explanation:
Small taxpayers can opt for composition levy to reduce compliance burden.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2 Report Error

Under the Straight Line Method of depreciation, the amount of depreciation:

A. Remains constant every year

B. Decreases every year

C. Increases every year

D. Fluctuates based on usage

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Correct Answer: Option A

Explanation:
SLM calculates depreciation on the original cost, resulting in the same amount being charged each year.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3 Report Error

The 'Return Inward Book' is also known as:

A. Sales Returns Book

B. Journal

C. Purchase Returns Book

D. Cash Book

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Correct Answer: Option A

Explanation:
Returns inward means goods returned by customers, i.e., sales returns.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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