Question 1 :
Goods were sold on credit basis to Mr. Ram for Rs $10,000$. It will be recorded in _______________.
Question 2 :
A second-hand motor car purchased on credit from Mohan will be recorded in the ___________.
Question 3 :
Wages paid for repairing a machine should be debited to ___________.
Question 5 :
Outstanding salary of $Rs.34,000$ to be provided in the accounts will be recorded in ____________.
Question 7 :
On purchase of old furniture, the amount spent on its repair should be debited to _________.
Question 9 :
If the total of debit side of an account exceeds the total of its credit side, it indicates ______________.
Question 10 :
The rule 'debit all expenses & losses and credit all incomes & gains' relates to ____________.
Question 11 :
The basic rule of book-keeping, debit the receiver and credit the giver is applicable to ________________.
Question 13 :
Accounting entries for the repayment of a loan received from Richard, the owner's friend is _____________________.
Question 14 :
L.F. (i.e., Ledger Folio) column in the journal is filled at the time of _________.
Question 18 :
Which of the following is not a book of original entry?
Question 20 :
Rent paid to Ram (landlord), it should be credited to __________.
Question 22 :
The return of goods by the customer should be debited to _____________.
Question 23 :
Cash discount allowed to a debtor should be credited to the _________ account.
Question 24 :
Wages paid for installation of asset should be debited ___________  A/c.
Question 25 :
What comes in is to be debited, what goes out is to be credited?
Question 31 :
ABC Ltd. acquired a new Machine for Rs. $500,000$ on $1$st April $2013$ and spent Rs. $10,000$ on its installation and Rs. $5,000$ on transportation. The useful life of the machine is estimated $10$ years. The firm provides depreciation using sum of years digit method. what is the depreciation for the year $2013-14$.