Which of the following is not a type of voucher? MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Accountancy and Book Keeping Questions
Question #1
Report Error
The petty cash book is balanced:
Correct Answer: Option B
Explanation:
Under imprest system, petty cash book is closed when cash is replenished, not periodically.
Under imprest system, petty cash book is closed when cash is replenished, not periodically.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
Report Error
S1: The Ledger is the book of original entry. S2: The process of transferring entries from the Journal to the Ledger is called posting. Which statement(s) is/are correct?
Correct Answer: Option A
Explanation:
The Journal is the book of original entry, not the Ledger. The Ledger is the principal book of accounts. S2 is correct as posting is the process of transferring journal entries to ledger accounts.
The Journal is the book of original entry, not the Ledger. The Ledger is the principal book of accounts. S2 is correct as posting is the process of transferring journal entries to ledger accounts.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
Report Error
Under GST, the 'Taxable Event' is:
Correct Answer: Option D
Explanation:
GST is levied on 'supply' rather than manufacture or sale alone.
GST is levied on 'supply' rather than manufacture or sale alone.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
No comments yet. Be the first to start the discussion!