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A cash book always shows what balance ?
A cash book always shows a Debit balance
A cash book always shows a Debit balance
See lessLiabilities and assets amount to Rs. 50,000 and Rs. 7,800 respectively. The difference Amount shall represent?
Liabilities and assets amount to Rs. 50,000 and Rs. 7,800 respectively. The difference Amount shall represent Capital
Liabilities and assets amount to Rs. 50,000 and Rs. 7,800 respectively. The difference Amount shall represent Capital
See lessThe balance of the goods’ account is transferred to ?
The balance of the goods’ account is transferred to Trading account
The balance of the goods’ account is transferred to Trading account
See lessThe cash book meant for recording petty expenses is called ?
The cash book meant for recording petty expenses is called Petty cash book
The cash book meant for recording petty expenses is called Petty cash book
See lessGive the correct formula of profit/loss in accounting?
Profit / Loss = Closing Capital + Drawings Made – Additional Capital – opening Capital
Profit / Loss = Closing Capital + Drawings Made – Additional Capital – opening Capital
See lessDefine contra entry?
The entry which affects the cash and bank column of a triple column in the cash book
The entry which affects the cash and bank column of a triple column in the cash book
See lessWhat is journalising?
The process of recording a business transaction in the journal
The process of recording a business transaction in the journal
See lessWhich transaction is entered in the cash book?
Only cash transactions are entered in cash book
Only cash transactions are entered in cash book
See lessLedger is a book of which type of entry in accounting ?
Ledger is a book of Secondary entry
Ledger is a book of Secondary entry
See lessWhat is an accounting equation?
The mathematical expression defining the comparative relationship between assets and liabilities of any person, institution, or business concern is called an accounting equation
The mathematical expression defining the comparative relationship between assets and liabilities of any person, institution, or business concern is called an accounting equation
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