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If a transaction has the effect of decreasing an asset, is the decrease recorded as a debit or as a credit? If the transaction has the effect of decreasing a liability, is the decrease recorded as a debit or as a credit?

Rectify the following errors:

Bought Radio for ₹ 1,000 for the proprietor was debited to General Expenses A/c.
Bought goods from Mohan ₹ 2,000 was passed through the Sales Book, however, the account of Mohan was credited correctly.
Wages due ₹ 1,500 has not been taken into account.
Goods Returned by Kamal ₹ 240 has been debited to his account ₹ 420.

Explain the following accounting concept with an example of each:
Matching Concept.

Give two examples of provisions.

Define depreciation. State any two reasons for providing depreciation.

My bank Pass Book showed an overdraft of ₹ 6,500 on 31st March, 2017. This does not agree with the Cash Book balance. From the following particulars ascertain the Cash Book balance:-
Cheques amounting to ₹ 15,000 were paid into bank in March, out of which, it appears, only cheques amounting to ₹ 4,500 were credited by bank. Cheques issued during March amounted in all to ₹ 11,000. Out of these cheques for ₹ 3,000 were unpaid on 31st March, 2017. The Pass Book stands debited with ₹ 150 for interest and with ₹ 30 for bank charges. The bank had paid the annual subscription of ₹ 100 to my club according to my instructions. The entries for interest, bank charges and subscription have not yet been made in Cash Book.

The balance of cash at bank as shown by the Cash Book of Pan & Co. on $31$st December, $2016,$ was $₹ 7,500.$ On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of $₹ 500$ and $₹ 700$ respectively paid in on 30th December, were not credited until the $2$nd January following and three cheques of $₹ 600,\ ₹ 800$ and $₹ 1,200$ issued on the $28$th December were not presented until the $3$rd of January. There was a credit of $₹ 125$ in the Pass Book in respect of interest under date $31$st December, which was not entered in the Cash Book. There were also Bank Charges debited in the Pass Book amounting in all to $₹ 10$ which were not entered in the Cash Book. Prepare a Bank Reconciliation Statement as at $31$st December,$ 2016.$

Give a definition of Bill of Exchange and give its four characteristics.

Journalise the following trasactions:

2019		₹
March 1	Started business with cash	50,000
March 2	Purchased Machinery for cash	20,000
March 2	Paid installation charges on machinery	2,000
March 5	Purchased goods from X of the list price of ₹ 25,000, Trade Discount 20% and cash discount 5%. Payment was made in cash immediately
March 10	Sold goods to Y costing ₹ 10,000 at 30% profit on cost less 10% trade discount
March 15	Paid Rent	1,000
March 20	Goods stolen from business	2,000
March 22	Gave as charity: Cash	100
March 22	Goods	200
March 31	Purchased Post Cards and Envelopes	50
March 31	Purchased a Computer for business	25,000

If in the above case, the proprietor had introduced fresh capital of ₹ $40,000$ and had withdrawn ₹ $10,000$ for personal purposes, calculate his profits.