Select the most appropriate answers from the alternatives given below and rewrite the sentence:

i. Additional cash introduced in business is recorded in _______ 

(a) Purchase Book 

(b) Cash Book 

(c) Journal Proper 

(d) Returns Inwards Book

ii. Entry for bad debts is recorded in the ________ 

(a) Sales Book 

(b) Purchase Book 

(c) Cash Book 

(d) Journal Proper

iii. Direct deposit made by the customer into our bank is recorded in the _______side of the Cash Book. 

(a) payments 

(b) credit 

(c) receipts 

(d) both

iv. The person who draws the cheque and signs on it is the _______ 

(a) drawer 

(b) drawee 

(c) payee 

(d) all of the above

v. A fixed amount is deposited for a fixed period in ________ deposit account. 

(a) Current 

(b) Savings 

(c) Fixed 

(d) Recurring

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1 Answers

i. (b) Cash Book

ii. (d) Journal Proper

iii. (c) receipts

iv. (a) drawer

v. (c) Fixed

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