Special Purpose Books 2 Cash Book — Account STD 11 Commerce — Question

What is meant by Capital Receipt?

What is the common objective of Single Entry System and Double Entry System?

If ‘Adjusted Purchases' and 'Closing Stock’ are given in the Trial Balance, will you transfer 'Closing Stock’ to Trading Account? Give reason.

What is meant by Provision for Discount on Debtors?

Which account is debited for creating provision for doubtful debts?

If both Adjusted Purchases and Closing Stock are given in the Trial Balance, where are the two accounts shown in the Final Accounts?

Net Sales during the year 2011 is ₹ 2,85,000. Gross Profit is 25% on Sales. Find out Cost of Goods Sold.

Give any two examples of Capital Expenditure.

A transaction is recorded correctly in Journal Proper have not posted in the ledger at all, will it affect the Trial Balance? Give reason.

Name the two main accounts maintained in 'Accounts from Incomplete Records'.