Do you agree with the following statements :

(i) Subsidiary books are useful for small trades only.

(ii) The big amount of payment of the organization is recorded in Petty Cash Book.

(iii) Sale of the old computer on credit recorded in the sales journal.

(iv) Cashbook cash column debit side is always greater than credit side.

(v) When goods are returned by the buyer to the seller, Seller sends a credit note.

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1 Answers

(i) Disagree

(ii) Disagree

(iii) Disagree

(iv) Disagree

(v) Agree

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