Recording of Tr...

The total number of sales can be known from the ________.

Wages paid to Mohan for erecting a machine should be debited to ___________.

Which of the following accounts will have a debit balance?

The accounting equation i.e. Assets = Capital + liabilities is based on _________________.

Debit may signify _______________.

Credits may signify _________________.

A business entity has assets of $$Rs. 2,60,000$$ and liabilities of $$Rs. 60,000$$. Owner's equity in this case is__________. 

Net worth of the business means _________________.

Investment in business by owner results in _______________.

X started business with a capital of $$Rs. 2,00,000$$ and purchased goods worth $$Rs. 20,000$$ on credit. These transactions may be expressed in the form of 'Accounting Equation' such as___________.