Introduction to Accounting — Account STD 11 Commerce — Question

When a firm maintains a Cash Book, it need not maintain ............ A/c in the Ledger.

The persons to whom money is owing by the firm are termed as _______.

Concept of ............ requires that the same accounting methods should be used from one accounting period to the next.

Concept of ............ requires that the same accounting methods should be used from one accounting period to the next.

When cash is withdrawn from bank, the entry in the Cash Book is called ............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

Premium paid on the life insurance policy of the proprietor will be debited to __________ A/c.

Amount which the proprietor has invested in a business is known as _______.

If acceptance received from Shakshi was endorsed by us to Ruchika then on its dishonour it will be credited in our books to the account of ____________.

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.

Rule of ________ A/c is “debit all expenses and losses and credit all incomes and gains".