Recording of Tr...

The company has collected money from its debtors by cheque.What is the effect on assets and liabilities

To find the net income we deduct _________ from total revenue.

Additional capital introduced in the business will increase ____ and ____

The owner withdraws business assets for personal use.

The Basic accounting equation is

In all circumstances Assets will be always equal to _____ + ______

Difference between assets and liabilities is

In Purchase book goods purchased on .........are recorded.

Fresh capital introduction will increase

Pay-in-slip is a

Proprietor is a creditor of the business for ______

Return of goods purchased on credit to the suppliers will be entered in ____ Book.

Cash Memo is a source of document prepared by the seller of the goods for

Goods purchased on credit will increase the

The company pays its creditors by cheque. What is the effect on assets and liabilities

Payment of expenses will ______ the assets

If a cash book is prepared then there is no need to prepare the _______

Items owned by a business that have monetary value are ____

Which source of document prepared by the seller of the goods on credit

Transfer voucher is prepared for