Recording of Tr...

Which of the following accounts is increased by debit entries?

The transferring of debit and credit items from journal to the respective accounts in the ledger is called as ___________.

The rent paid to land lord is to be credited to ___________.

The cash discount allowed to a debtor should be credited to __________.

Which of the following statements best explains the relationship between journal and ledger?

Debit - all expenses and losses 

Sales made by Mahesh for cash should be debited to _____________.

While preparing the annual financial statements, the balance of rent account should be treated as the balance of a __________.

To determine the details of a specific transaction, one should refer to ____________.

Sundry Income Account is _______.