Ledger Trial Ba...

The Basic accounting equation is

To find the net income we deduct _________ from total revenue.

Pay-in-slip is a

The owner withdraws business assets for personal use.

Payment of expenses will ______ the assets

Which source of document prepared by the seller of the goods on credit

Fresh capital introduction will increase

If a cash book is prepared then there is no need to prepare the _______

Return of goods purchased on credit to the suppliers will be entered in ____ Book.

Items owned by a business that have monetary value are ____