Which of the following statements is/are true ?
A. A sale of an asset is recorded in the Sales Book
B. Total of Return Outward Book is debited to Return Outward Account
C. The balance of Petty Cash Book is a liability
D. Cash Book is a subsidiary book as well as a ledger
Answer:C
Which of the following statements is/are true ?
A. A sale of an asset is recorded in the Sales Book B. Total of Return Outward Book is debited to Return Outward Account C. The balance of Petty Cash Book is a liability D. Cash Book is a subsidiary book as well as a ledger