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

2. The Sales Book is a part of:

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

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

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

6. The following account has a debit balance

7. All the indirect expenses are closed to

8. Journal is a book of in accounting

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

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

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

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

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

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

15. Payment to a creditor means

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

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

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

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 Amount withdrawn by proprietor for personal use will … Cash and Capital.

20. Journal proper includes entries related to