Origin of Transactions: Source Documents of Accountancy — Account STD 11 Commerce — Question

Passbook is a copy of __________ as it appears in the ledger of the bank.

1. Debtor's account
2. Customer's account
3. Creditor's account
4. None of the above

An enterprise prepares its accounts under the accrual basis. Salaries arıounting to ₹ 10,000 for the month of March, 2019 were not paid. The owner did not want to account it in the books of account on the ground that the amount was not paid. The ente: prise closes its books of account on 31st March every year. Is he correct?

Why contra entries in the Cash Book are not posted into Ledger?

Are there any accounts which are not considered while preparing Trial Balance by Balance Method?

What is date of maturity of a bill of exchange?

Name the method of depreciation which assumes that the asset is depreciated more in the earlier years and less in the later years of its life.

What is Compound Journal Entry? Give an example.

What is Depreciable Cost?

A liability is met by issuing a cheque. Which account will you credit and why?

Which method of Depreciation assumes that an asset should be depreciated more in the earlier years and less in the later years of use?