Model Paper 4 — Account STD 11 Commerce — Question

A cash memo is prepared and issued by__________.

Aman draws a bill on Bimal for ₹ 60,000. Aman wants to endorse it to Chirag in settlement of ₹ 70,000 at 2% discount with the help of Bimal's acceptance and balance in cash. How much cash Aman will pay to Chirag?

Bill of exchange is defined in sections. of the Negotiable Instrument Act.

Which type of error do not effect net profit?

Wages paid on installation of machinery is debited to ____________.

Note issued by seller on receipt of defective goods from customer ______.

Debit balance as per pass book means ________.

If Ram has sold goods for cash, the entry will be recorded:

Cash book is a type of .................. but can be treated as a ........... of account.

An asset is never reduced to zero in the _______________.