Journal Test 2...

Amount brought in by proprietor should be credited to ______ account.

 Cash discount is ___________.

Salaries paid to Ramesh will be debited to ________________.

When a entry involves only two accounts it is called _______.

Accounting entries passed in journal proper at the end of the year are called

Received Rs 1100 from M/s M in settlement of Rs 1250 due from him. The nature of the journal entry to be passed for this transaction is ______.

Name the account which is debited for payment of import duty.

When an amount or balance of one amount is to be taken to some other account, it is done by means of a/an_________.

This type of account with a normal credit balance invariably is a........a/c

Assets purchased on hire purchase systems are recorded at...