Curioustab
Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
Home
»
Interview
»
Accounting and Finance
Purchase return and allowances is a contra account
TRUE
Correct Answer:
TRUE
Explanation:
Purchase return and allowances is a contra account to purchases.
← Previous Question
Next Question→
More Questions from
Accounting and Finance
Who is responsible to pay back all debts?
A capital expenditure results in a debit to
Which of the following statements about minimum payments is incorrect?
In recording an accounting transaction in a double-entry system
Which of the following is a type of savings vehicle?
Automatic stabilizers refer to
OMO refers to
The balance of an account is determined by
Which best describes the difference between stocks and bonds?
SIP full form is
Discussion & Comments
No comments yet. Be the first to comment!
Name:
Comment:
Post Comment
Join Discussion
Discussion & Comments