Complete the following sentences:

(i) Machinery purchase on credit will be recorded in ___________ subsidiary book.

(ii) Return of goods sold on credit by the customers will be entered in ___________ journal.

(iii) Cash discount is recorded in ___________ book.

(iv) ___________ Note is prepared when goods are returned to supplier.

(v) _________ is used to deposit cash on cheque in the bank

(vi) _______ Cheque is more safer for payments.

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1 Answers

(i) Journal Proper

(ii) Sales Return

(iii) Journal Proper

(iv) Debit

(v) Pay-in-slip

(vi) Cross Account Payee

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