1. The Sales Return Book always has______balance

2. A sale of goods to Ram for cash is debited to

3. Return of goods by a customer is recorded in-

4. Goods purchased on cash are recorded in the

5. Income tax is treated as-

6. Rent paid is a

7. Which account will be debited in case wages are paid for installation of machinery?

8. Which account will be debited in case Life insurance premium is paid by proprietor from business cash?

9. The total of the Sales Book is posted to

10. Balancing of account means

11. Credit balance of bank account in cash book shows :

12. Which is not contra entry in the cash book

13. The balance in Petty Cash Book is

14. Credit purchase of furniture shall be recorded in-

15. The first book of original entry is-

16. A cheque on which two parallel lines are drawn in the left top corner is called –

17. The periodic total of sales return journal is posted to :

18. Cash book does not record transaction of:

19. If total assets of a business are ₹ 1,80,000 and net worth is ₹ 50,000, outside liability will be

20. Balancing of account means :