Self Studies

Recording of Tr...

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  • Question 1
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    Payment of Rs. 6,000 as wages to workmen for installation of a machine should be debited to _________.

  • Question 2
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    Ledger book is popularly known as _________.

  • Question 3
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    The process of transferring the transactions relating to changes in a particular item at one place in the form of an account is called _________.

  • Question 4
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    When goods are purchased for the joint venture, the account to be debited is __________________.

  • Question 5
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    When a large number of articles are sent on a sale or return basis, it is necessary to maintain __________________.

  • Question 6
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    The withdrawal of goods from the business by the  proprietor should be debited to ______________.

  • Question 7
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    Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?

  • Question 8
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    In the absence of proper agreement, representative of the deceased partner is entitled to the Dead partner's share in the following items _______. 

  • Question 9
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    L.F. (i.e., Ledger Folio) column in the journal is filled at the time of _________.

  • Question 10
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    When is it necessary to analyse a transaction in terms of debit and credit?

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