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

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

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

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

7. The following account has a debit balance

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

9. All the indirect expenses are closed to

10. The Sales Book is a part of:

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

12. Payment to a creditor means

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

14. Journal is a book of in accounting

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

16. Journal proper includes entries related to

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 Amount withdrawn by proprietor for personal use will … Cash and Capital.

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

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

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