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

2. The total of the Sales Book is posted to

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

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

5. Cash book does not record transaction of:

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

7. Balancing of account means

8. Balancing of account means :

9. Rent paid is a

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

11. Which is not contra entry in the cash book

12. The balance in Petty Cash Book is

13. Income tax is treated as-

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

15. Goods purchased on cash are recorded in the

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

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

18. Credit purchase of furniture shall be recorded in-

19. The Sales Return Book always has______balance

20. The first book of original entry is-