Recording of Transactions - 1 — Account STD 11 Commerce — Question

Loss of goods by fire should be credited to _________ A/c.

Rule of _______ A/c is “debit the receiver and credit the giver”.

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

When cash is withdrawn from bank, the entry in the Cash Book is called ............ entry.

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 noting charges are paid by the bank at the time of dishonour of the bill, the drawee credits ____________ account.

Assets held for continued use in the business and not meant for resale are termed as _______.

The ................ concept states that if straight line method of depreciation is used in one year, then it should also be used in the next year.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill, which is presented by a bank for payment is dishonoured, the account to be credited is ___________.

At the time of charging depreciation, asset account is________and depreciation account is________.