Recording of Transactions – I · Class 11 · CBSE · Commerce Accountancy
Which of the following vouchers is prepared for recording a cash purchase of goods?
Practice question from Recording of Transactions – I (Class 11 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
easy · MCQ · Q-32F0A0
Which of the following vouchers is prepared for recording a cash purchase of goods?
- A.Debit VoucherCorrect answer
- B.Credit Voucher
- C.Transfer Voucher
- D.Non-cash Voucher
Solution
A cash purchase results in an outflow of cash. Vouchers prepared for cash payments are known as debit vouchers or payment vouchers.
More from Recording of Transactions – I
- Goods costing Rs. 10,000 were given away as charity. Which journal entry is correct?
- What is the primary book of original entry in which all business transactions are recorded in chronological order?
- Machinery purchased for cash is recorded in the Journal with which of the following entries?
- Which of the following accounts must be credited when a business owner withdraws goods for personal use?
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