1. Goods purchased on cash are recorded in the

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

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

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

5. Balancing of account means

6. Credit purchase of furniture shall be recorded in-

7. Which is not contra entry in the cash book

8. Income tax is treated as-

9. Cash book does not record transaction of:

10. The total of the Sales Book is posted to

11. Balancing of account means :

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

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

14. The balance in Petty Cash Book is

15. The first book of original entry is-

16. Rent paid is a

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

18. The Sales Return Book always has______balance

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

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