Question
✓
Answer
- 1.Add
- 2.Add
- 3.Add
- 4.Less
- 5.Add
- 6.Less
- 7.Add
- 8.Less
- 9.Less
- 10.Less
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Return of goods purchased on credit to the suppliers will be entered in ____________ Journal.
Depreciation is ____________ expenses.
Errors are caused due to ______________ recording of transactions.
___________ petty cash book is not popular in the business world.
| Cash in Hand | Cash at Bank | Sundry Debtors | Sundry Creditors | Capital | ||||
| ₹7,500 | + | ₹24,000 | + | ₹9,500 | - | = | ₹35,000 |
The debit side of the passbook is called ___________ side.
One sided error do not require ___________ entry.
| Reasons | When Normal balance as per Cash Book is given Add /Less | When Normal balance as per Pass Book is given Add / Less | |||
| (1) | Interest credited in Pass Book only. |
| |||
| (2) | Bank paid Insurance premium as per standing Instructions but no record in cash book. |
| |||
| (3) | Cheque issued and dishonored. No record of Dishonoured in cash book. |
| |||
| (4) | Bank collected and credited dividend but no record in cash book. |
| |||
| (5) | NEFT received by bank on our account no record in cash book |
|
Assets = Liabilities + _______________
| Opening Assets | Opening Liabilities | Opening Capital | ||
| ₹1,20,000 | - | ₹75,000 | = |