Proprietor’s Account is ________Account.
Cash account is a
The Rule ‘Debit all expenses & losses and Credit all incomes & gains’ relates to:
Equipments are :
Goods worth Rs. 10,000 were withdrawn by the proprietor for his personal use. The account to be credited is
In case of a debt becoming bad and doubtful, the amount is credited to _________?
When a debt becomes bad and doubtful the following entry is passed:
Bad Debts A/c Dr.
To Debtors A/c
( Being bad debts written off)
A withdrawal of cash from business by the proprietor should be credited to:
Narration is given along with journal entry:
Recovery of bad debts written off previously will be ?
Provision for bad-debts as on 1.4.08 Rs. 1,000, during the year 2008-09 there were no bad-debts and debtors as on 31.3.09 were Rs. 90,000. Provision for bad-debts required @ 1% which of the following journal Entry will be passed on 31.3.09?
Profit is :
Inventory.
Outstanding Salary is a :
Capital of business is Rs. 75,000 and liability is Rs. 25,000 then total assets of business would be:
Which account is the odd one out?
Purchase of second-hand computer on credit by a cloth merchant will be recorded in:
Rs. 1500 withdrawn for personal use should be debited to ______
Capital of business is Rs. 75,000 and liability is Rs. 25,000 then total assets of business would be:
Outstanding Salary is a :
Debit the expenses or losses, credit all incomes and gains, is the rule for:
Value of goods drawn by proprietor should be credited to:
In Double Entry System of Book-keeping every business transaction affects:
Recovery of bad debts written off previously will be ?
Goods worth Rs. 10,000 were withdrawn by the proprietor for his personal use. The account to be credited is
When the proprietor withdraws goods for personal use of Rs 10,000 it should be credited/deducted from the stock while calculating cost of goods sold and hence are deducted from purchases.
Equipments are :
Debit the receiver and credit the giver is correct for.
The rent paid to landlord is credited to:
Consider the following statements and identify the wrong statement.
Rent account.
Which of the following is not a real account?
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