Purchase ledger is also known as ?

In Real Account transaction Debit is given to ?

Journal is a book of ?

Depreciation is a

When furniture sold for cash, credit should be given to

Sales Ledger is also known as

Capital and drawings are accounted in

Capital =

Credit Sale of an asset should be firstly entered in

Which is the correct journal entries of the transaction 'Goods returned by ABC Ltd. Rs. 500.00'?

An omission to record a transaction in full is known as

The transportation and errection expenditure of machinery shall be debited to :

A share of Rs. 10 issued at a premium of Rs. 2 which the full amount has been called Rs. 8 including premium is forfeited. the capital account shall be debited with:

A share of Rs. 10 each on which Rs. 8 has been called and Rs. 6 is paid is forfeited. The capital account should be debited with:

Premium On issue of shares can be used for

A, B and C are partners sharing profits and losses in the ratio of 3:2:1 C retire from the firm and A and B decides to share profits in the ratio of 5:3 .What will be the gaining ratio?

Opening capital Rs. 9,000 closing capital Rs. 16,500 drawings during the year Rs. 2,600. The amount of profit will be:

An entry with more than one debitor credit is known as:

Which of the following asset is not subject to depreciation ?

Provision for bad and doubtful debts is made against current years profit because of:

Fixed assets are recorded in the books at original cost :

A and B are partners sharing profits and losses in the ratio of 2:3. They admit C for 2/5 shares which he acquired equally from A and B. What is the new ratio?

Unearned income is :

Bad debts previously written off, if recovered subsequently:

Income tax paid on behalf of the proprietor:

Assets are held for the purpose of :

A bill of exchange drawn in Delhi and payable in London is a example of:

Protest is necessary in the case of dishonour of:

The relationship between a banker and a customer is basically that of:

Cancellation of crossing can be done by:

The bankers answer incase of dishonour of a cheques on account of insufficiency of funds is generally:

The endorse will not be liable to the holder on dishonour of a negotiable instrument if he makes a:

An order instrument can be made payable to the bearer by making:

A person who is legally entitled to the possession of the negotiable instrument in his own name and to receive the amount there of is known as:

A bill endorsed or delivered to a person with the understanding that it will be paid only if certain conditions are fulfilled is known as :

If a bill of exchange dated Jan 31, 2019 is payable one month after date, the due date of the instrument will be:

While encashing travelers cheques, the payee is identified by:

The drawee banker of a demand draft has received intimation of the loss of the draft from the purchaser. The Banker should :

The Banker is entitled to exercise right of lien in respect of the following

Every Indian banking company is required to transfer af least of its profits to statutory reserve.

A banking company cannot hold any immovable property, not acquired for its own use for a period exceeding :

Which of the following factors make the credit creation possible?

Bank overdraft is :

Share premium is :

Balance sheet is :

Interest on Drawings is _________ to business.

A________ is sent to a customer when he returns the goods.

The process of transferring the debit and credit items from a journal to their respective accounts in the ledger is called :

Which of the following is an example of wasting assets ?

An error committed due to lack of knowledge of accounting is known as :