Recording of Tr...

Goods worth Rs.2000 distributed as free sample is treated as _______.

ABC Ltd. acquired a new Machine for Rs. $$500,000$$ on $$1$$st April $$2013$$ and spent Rs. $$10,000$$ on its installation and Rs. $$5,000$$ on transportation. The useful life of the machine is estimated $$10$$ years. The firm provides depreciation using sum of years digit method. what is the depreciation for the year $$2013-14$$.

For real a/c debit means _____.

Journal is also called ______.

Journalising process is in __________.

Three months rent of the next financial year is paid in advance, how this transaction effects accounting equation

Rent account is a ___________.

Withdrawal of money by the owner is not a expense but a reduction of __________.

Discount Allowed Account will have ____________.

Commission received A/c will have __________.