INTERVIEW QUESTIONS ACCOUNTING PROCESS SUBSIDIARY BOOKS DETAILS

Question: Purchase of fixed assets on credit basis is recorded in: a) Purchase Book b) Cash Book c) Journal Proper d) Journal

Answer: (c) Journal Proper
Description: When subsidiary books are prepared by a business then significant transactions of the business are entered in Journal Proper. If there is no special book for recording a transaction then it is recorded in journal proper.

(c) Journal Proper
Description: When subsidiary books are prepared by a business then significant transactions of the business are entered in Journal Proper. If there is no special book for recording a transaction then it is recorded in journal proper. Source: CoolInterview.com

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