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#1. When a business purchases furniture for sale, it will considered as “purchases of goods”
#2. Vouchers are
#3. The discount given on cash transactions is called as
#4. _____________ is the document that certifies the purchase or sale or any other monetary transaction.
#5. The cash available with the business is fixed asset
Cash is current asset.
#6. We use ________ to record the transactions pertaining to an asset, expense, liability, person, firm or institution.
#7. Left side of ledger account is
#8. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.