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- … is an allowance or deduction made from the invoice price of goods sold. #231
- ... represents a note sent to the supplier for the value of goods returned by the business. #232
- Recording of transactions in the books of original entry is... under subsidiary books #233
- A statement showing particulars of the goods bought by a trader on credit is known as... #234
- A... is used for recording all residual transactions which cannot find place in any of the subsidiary books. #235
- When goods are taken back from or an allowance is granted to a customer, the note is known as... #236
- The statement containing various ledger balances on a particular date is known as … #237
- If the two sides of the trial balance tally, it is an indication of the fact that the books of account are … accurate #238
- Gross profit is #239
- Sales Journal records all … sale of goods #240