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Cash discount allowed to a debtor should credited to :
(A) customer account (13) discount account
(C) 88688 account (10) cash account

A person to ۶ 1 8570
(ക) debtor (13) creditor
(C) owner (D) bank

The statement shows the financial position of the business is :
(ಗಿ) balance sheet (B} fund flow statement
(0) profit and 1088 2೧00071. (1)) ecash book

The term current assets does not include :
(ಯ) ஊண்‌ (B). advance payment
(6) furniture (D) stock-in-trade

The basic rule of ‘debit what comes in and eredit what goes out’ is applicable to :
(ಗಿ) real account (8) personal account
(0) nominal account (D) expenses account

In case of debt becoming bad, the amount should be credited to :
(ക) creditors account (B) sales account
(C) debtors account (D)) एन debts account

The credit balance in the bank account is :
(^) an asset (8) liability
(C) . revenue (12) expense

A reserve is a charger against : ⋅
(ಗಿ) capital (18) asset
(C) profit (D) वणाः

The statement containing various ledger balances on a particular date is known as :
(५) trial balance (B) trading account
(0) profit and loss account. (D) வண sheet

The process of transferring journal entries to ledger account is called :
(5) journalizing (ए) balancing
(0) posting (D) classifying

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