Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

The word 'C' against an entry in the Cash Book signifies that this entry is not to be ............ to the ledger.

The ________ method equalises the burden on each year's Profit & Loss Account for depreciation and repairs put together.

If a firm believes that some of its debtors may 'default'. It should act on this by making sure that all possible losses are recorded in the books. This is an example of the ............... convention.

________ cannot be correctly calculated unless depreciation on fixed assets is duly provided as a business expense.

A debit balance is either ............ or ............

A bill of exchange is called a ____________ by one who is entitled to receive its payment.

___________ are those assets which have a physical existence and which can be seen or felt.

Due date of a bill of exchange drawn on 27th December 2015 for 2 months will be _____________.

The word 'C' against an entry in the Cash Book signifies that this entry is not to be ............ to the ledger.

Cash sales to Ram will be posted to ............ side of .............. account.