1. The Sales Return Book always has______balance

2. Balancing of account means :

3. Balancing of account means

4. Income tax is treated as-

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

6. The total of the Sales Book is posted to

7. The first book of original entry is-

8. Credit purchase of furniture shall be recorded in-

9. Goods purchased on cash are recorded in the

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

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

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

13. Which is not contra entry in the cash book

14. Cash book does not record transaction of:

15. Rent paid is a

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

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

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

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

20. The balance in Petty Cash Book is