Self Studies

Recording of Tr...

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  • Question 1
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    Sales of the Scrap of raw materials appearing in the trial balance are shown on the credit side of _______.

  • Question 2
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    Journal is a book of __________.

  • Question 3
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    DEBIT signifies _________________.

  • Question 4
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    Journal and subsidiary books in which transactions and events are first recorded are known as _____________.

  • Question 5
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    'A' owned Rs. 25,000 to 'B' 'A' becomes insolvent. 'B' got A's computer valuing Rs. 11,500 in his full settlement journal entry will be passed in the books of 'B'. 

  • Question 6
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    What will be journal entry when cash is withdrawn from bank for personal use?

  • Question 7
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    If wages are paid for construction of business premises,_______A/c is credited and ____ A/c is debited.

  • Question 8
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    Discount is allowed by Arun to Varun. Which of the following should be the course of action in books of Arun?

  • Question 9
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    Purchase of Pen for office use will be debited to __________ .

  • Question 10
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    The accounting entries for recording Rs.10,00,000 cash introduced by the owner of a business is ______________.

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