Question

under which system of accounting are credit transactions not recorded ?
(1) Cash system
(2) Single entry system
(3) Double entry system
(4) Mercantile system
Which of the following rules of journalizing is applicable to personal accounts ?
(1) Debit what comes in, credit what goes out
(2) Debit the receiver, credit the given
(3) Debit all losses, credit all gains
(4) Debit what comes in, credit the giver
11. Which of the following transactions will be recorded in the Purchase Book?
(1) Cash purchase of goods
(2) Credit purchase of goods
(3) Credit purchase of furniture
(4) All of the above
2. The transactions of non-finannini​

Answer 1

Answer:

Cash system.

Debit the receiver and credit the giver

Credit purchase of goods