Provisions and Reserves — Account STD 11 Commerce — Question

Under the Fixed Instalment Method, depreciation is calculated on ________ of the asset.

_____ are created for specific purpose.

When a cheque deposited into bank is dishonoured, it is recorded on..................side of Cash Book in...............columa.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill is dishonoured, the account to be debited is ____________.

For goods returned by customer __________ A/c is debited.

A bill of exchange is called a ____________ by one who is entitled to receive its payment.

_____ are created out of capital gains.

Journal is a book of _________.

Due date of a bill of exchange drawn on 27th December 2015 for 2 months will be _____________.

Concept of ............ requires that the same accounting methods should be used from one accounting period to the next.