Question 1 :
The basic rule of book-keeping, debit the receiver and credit the giver is applicable to ________________.
Question 2 :
If the total of debit side of an account exceeds the total of its credit side, it indicates ______________.
Question 3 :
The rule 'debit all expenses & losses and credit all incomes & gains' relates to ____________.
Question 5 :
Recording two fold effects of each transaction in the journal is called journalisation.
Question 10 :
Accounting entries for the repayment of a loan received from Richard, the owner's friend is _____________________.
Question 13 :
When a cheque received is endorsed, it must be entered on _____________.
Question 17 :
When the consignee receives the goods from the consignor, in the books of consignee __________________.
Question 20 :
L.F. (i.e., Ledger Folio) column in the journal is filled at the time of _________.
Question 26 :
Accounts recording transactions with a person or group of persons are known _____________.
Question 29 :
Received Rs 1100 from M/s Manoj against the outstanding debt of Rs 1100 due from him. The nature of entry to record this transaction is _______.
Question 30 :
Sales made by Mahesh for cash should be debited to _____________.
Question 31 :
If the original cost of a machine is Rs. $170,000$, estimated scrap value Rs. $20,000$, what is the depreciation if production during the first year is $6,000$ and total estimated production during the working life of the machine is $60,000$ units.