Depreciation — Account STD 11 Commerce — Question

Depreciation for the second year @ 10% on ₹ 15,000 purchase price ________ will be on the Fixed Instalment, whereas it will be ________ on the Diminishing Balance System.

Amount which the proprietor has invested in a business is known as _______.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
While retiring a bill under rebate, the accounts to be credited are ____________.

Personal transactions are distinguished from business transactions in accordance with the concept of ......... .

______ refer to those liabilities which are to be paid normally within one year.

Rule of ________ A/c is “debit all expenses and losses and credit all incomes and gains".

Complete the following work sheet:
If a firm receives an order for goods, it would not be included in the sales figure owing to the ___________.

The person in whose favour an endorsement is made is called ____________.

______ is the cost incurred in producing goods and services.

The party which is ordered to pay the amount of bill of exchange is known as ____________.