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 Amount withdrawn by proprietor for personal use will … Cash and Capital.

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

3. The Sales Book is a part of:

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

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

6. All the indirect expenses are closed to

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

8. Journal proper includes entries related to

9. The following account has a debit balance

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

11. Journal is a book of in accounting

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

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

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

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

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

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

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

19. Payment to a creditor means

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