1. Cash book does not record transaction of:

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

3. Rent paid is a

4. Which is not contra entry in the cash book

5. The total of the Sales Book is posted to

6. Credit purchase of furniture shall be recorded in-

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

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

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

10. The balance in Petty Cash Book is

11. Balancing of account means

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

13. The Sales Return Book always has______balance

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

15. Goods purchased on cash are recorded in the

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

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

18. Balancing of account means :

19. Income tax is treated as-

20. The first book of original entry is-