Origin of Transactions Sources Documents and Preparation of Voucher — Account STD 11 Commerce — Question

Which balance of the bank column in the Cash Book signifies bank overdraft?

Cash column of the Cash Book will always have a debit balance or at the most nil balance. Why?

Give transaction that:
Decrease an asset and decrease capital.

What is a Compound Voucher?

Name any two users of accounting information.

Give the rules of debit and credit of the three types of accounts.

Journalise the following transaction in the books of Rajni:
Geeta's acceptance of ₹ 20,000 which had been discounted with the bank for ₹ 19,500 has been returned by the Bank dishonoured. Noting charges paid by Bank ₹ 25.

Name two items which are written in Minus column while starting with Overdraft balance of Pass Book.

What is Depreciable Cost?

State one situation when Capital Account is Debited and one situation when Capital Account is Credited.