i. Credit purchases of goods are recorded in _________ ii. Cash Book does not record the _________ Transactions.

Question

Complete the following sentence:

i. Credit purchases of goods are recorded in _________

ii. Cash Book does not record the _________ Transactions.

iii. Credit balance shown by a bank column in Cash Book is _________

iv. Petty Cash Book is used for recording ________ expenses.

v. In Purchase Book goods purchased on _________ are recorded.

Answer 1

i. Purchase Book

ii. Credit

iii. Overdraft

iv. Petty

v. Credit