1. Rent paid is a

2. The balance in Petty Cash Book is

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

4. Goods purchased on cash are recorded in the

5. Which is not contra entry in the cash book

6. Cash book does not record transaction of:

7. Income tax is treated as-

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

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

10. The total of the Sales Book is posted to

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

12. Credit purchase of furniture shall be recorded in-

13. Balancing of account means :

14. The first book of original entry is-

15. Balancing of account means

16. The Sales Return Book always has______balance

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

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

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

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