Recording of Transactions - 1 — Account STD 11 Commerce — Question

If the cash book balance is taken as starting point,the items which make the cash book balance smaller than the pass book must be _____for the purpose of reconciliation.

Promise which forms the consideration or part of the consideration for each other are called.

Which of the following will not be considered while preparing an Amended Cash Book?

Sales accounts always shows ________ balance.

In order to enable retailer earn profit and still sell goods at the list price, the manufacturers frequently grant them substantial reduction from the list price. Such a reduction in price is called ________.

Amount of discount deducted from invoice price is called a ______.

__________ is the interest of the owners in a business.

A sale of goods of vidhya for cash should be debited to ____________.

The credit balance in the bank account is_______.

Goods means: