Multiple Choice Questions on Loss of goods by fire is noted in which subsidiary book ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Loss of goods by fire is noted in which subsidiary book ........

General Accounting Principles Accounting cycles
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    Loss of goods by fire is noted in which subsidiary book

    purchase book

    Incorrect Answer

    Sales book

    Incorrect Answer

    Purchase return

    Incorrect Answer

    Journal Proper

    Correct Answer
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    Explanation:

    Journal proper is book of original entry (simple journal) in which miscellaneous credit transactions which do not fit in any other books are recorded. It is also called miscellaneous journal.

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