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

2. The Sales Book is a part of:

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

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

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

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

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

8. Payment to a creditor means

9. The following account has a debit balance

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

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

12. Journal proper includes entries related to

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

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

15. Journal is a book of in accounting

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

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

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

19. All the indirect expenses are closed to

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 Amount withdrawn by proprietor for personal use will … Cash and Capital.