Conceptual Framework of Accounting — Accountancy STD 11 — Question

While preparing the trial balance, the accountant finds that the total of the credit column is short by ₹ 200. This difference will be ………………

The balance in the trading account is the gross profit or ……………….

Purchases of fixed assets on credit basis is recorded in ……………..

The first part of the income statement is ………………..

Journal means …………….

Certain assets whether used or not become potentially less useful with the passage of time ……………….

Trading account is a ……………….. account.

When a journal entry has more than one debit or more than one credit or both, it is called ……………….

A debit note is also called as …………….

Cost of acquisition of land and building is an example of ………………