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

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

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

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

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

6. Journal proper includes entries related to

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 Amount withdrawn by proprietor for personal use will … Cash and Capital.

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

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

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

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

12. Payment to a creditor means

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

14. All the indirect expenses are closed to

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

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

17. The following account has a debit balance

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

19. Journal is a book of in accounting

20. The Sales Book is a part of: