Recording of Tr...

Goods given as charity should be credited to _________.

Posting refers to the process of transferring information from _________.

On sale of old equipment, owner's equity would ____________.

The basic rule of book-keeping "Debit the receiver and credit the giver" is applicable to ______________.

The accounting equation is based on _________________.

Credit word has been derived from the Latin word 'credere' which means _________.

Match list I with List II and select the correct answer using the codes given below:

Debit word has been derived from Latin word 'debere' which means _______________.

The documents on the basis of which transactions are recorded in the account books are known as ____________.

A motor car which was purchased for 20,000 had its book value 12,000. It was sold for 25,000.