1. Name the transaction that is recorded in both sides of Cash book simultaneously.

2. Payment to a creditor means

3. The following account has a debit balance

4. The process of recording a business transaction in the journal is called

5. How many columns are there in a Ledger (in one side)

6. All the indirect expenses are closed to

7. The cash – book meant for recording petty expenses is called –

8. If a film borrows a sum of money, there will be

9. Which of the following account will be credited on giving cash donations?

10. A credit balance in Bank column of cash book indicates

11. Journal proper includes entries related to

12. The balance of good’s Account is transferred to-

13. Journal is a book of in accounting

14. What statement is used while closing a Drawing Account-

15. Withdrawal of cash from business by the proprietor is credited to

16. Amount withdrawn by proprietor for personal use will … Cash and Capital.

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

18. The Sales Book is a part of:

19. Which of the following is entered in cash – book-

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