1. The total of the Sales Book is posted to

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

3. Balancing of account means :

4. The first book of original entry is-

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

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

7. Which is not contra entry in the cash book

8. Income tax is treated as-

9. Balancing of account means

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

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. Goods purchased on cash are recorded in the

14. Cash book does not record transaction of:

15. The Sales Return Book always has______balance

16. Rent paid is a

17. The balance in Petty Cash Book is

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

19. Credit purchase of furniture shall be recorded in-

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