Ledger Test 2...

If some goods from business are given away as charity to a particular person or institution, it should be ____________.

Which of the following books serves both as journal and ledger?

When Accounts in the ledger are balanced ?

__________ is a summary of all transactions relating to particular account.

Bought ledger adjustment account is also termed as _______________.

The main books of accounts in a business is ____________.

The second important stage in the accounting process is______.

Debit and credit items from the journal are transferred to the respective accounts in the __________.

A sale of goods to Vaibhav for cash should be debited to ___________.

In order to determine the amount of sales, to which of the following records one should refer?