Q3.

Which of the following is/are INCORRECT match(es) of the account maintained in the context of self-balancing ledgers?

(i) Bought ledger adjustment account - Total creditors account

(ii) Sales ledger adjustment account - Total debtors account

Q4.

Which of the given statement(s) is/are correct in the context of manufacturing account?

(i) A Manufacturing Account is prepared for finding out the cost of goods produced (also called Cost of Production)

(ii) Sale of scrap and the closing work-in-progress are shown on the credit side of the Manufacturing Account.

Q5.

Which of the following is an INCORRECT pair, in the context of the Adjustment Account given in General Ledger under self-balancing ledger system?