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The Rule ‘Debit all expenses & losses and Credit all incomes & gains’ relates to:
Goods worth Rs. 10,000 were withdrawn by the proprietor for his personal use.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 _________?
A withdrawal of cash from business by the proprietor should be credited to:
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?
Capital of business is Rs. 75,000 and liability is Rs. 25,000 then total assets of business would be:
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Rs. 1500 withdrawn for personal use should be debited to ______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:
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:
Goods worth Rs. 10,000 were withdrawn by the proprietor for his personal use. The account to be credited is
Debit the receiver and credit the giver is correct for.
Consider the following statements and identify the wrong statement.
82 videos|167 docs|42 tests
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82 videos|167 docs|42 tests
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