Question

ExcelMarvo Company Limited closes the books of the current month by 5th of the
next month. Today is 5th of may and you are the accountant of the company and
you are closing the books of accounts. It is informed to you that, New supplier
Delicia Pvt Ltd has supplied the raw material worth of 44,000 to stores before
April 30. The bill will be received from Delicia Pvt ltd after 8th May. As you have to
close the books, you will make provision for the purchase in the books. You are
booking the entry. You have to select one option in each step to finish the entry. choose vocher a) payment b) Receipt c) contra d) journal. ​

Answer 1

Payment is the correct answer