Journal Test 5...

When a large number of articles are sent on a sale or return basis, it is necessary to maintain __________________.

The withdrawal of goods from the business by the  proprietor should be debited to ______________.

In certain jobs, for example, hotels farms, hospitals, the employees are given the facility of residing in a house free of rent or they are given meals or clothes, water etc. A transfer of the proportionate amount is essential to salaries or wages account. Entry for this is ________________.

Wages paid to Mohan for erecting a machine should be debited to ___________.

When the claim on account of loss of stock is partly accepted by the insurance company, the journal entry will be _________________________.

A closing entry of sales account, which appears on the credit side of trial balance is as under _________________.

_______ is used to record the details of bills receivable by the business organization.

What will be the necessary adjusting closing entry for the following adjustment as on $$31^{st}$$ March, $$2005$$. Insurance paid $$Rs. 4,000$$ (including premium of $$Rs. 3,000$$ per annum paid upto $$30^{th}$$ June, $$2005$$________________________.

Discount allowed is a kind of deduction from _________.

The prime entry for the acquisition of a cash book, ledgers and a journal for Rs 240 from X Ltd, on credit would be in the: