Trial Balance and Errors — Account STD 11 Commerce — Question

Mr. Dinanath who owed us 350,000 became insolvent and paid only 40% of this amount. What is term used for the amount not received?

Rent is paid for the month of April, 2019 in March, 2019. The accounting year ended on 31st March, 2019. The accountant has shown it on the assets side of the Balance Sheet. Has he given the correct treatment? Give reasons.

What are the parties to a bill of exchange?

What is Compound Journal Entry?

Give four causes of difference in the Cash Book balance (bank column) and Pass Book balance.

Rent is paid for the month of April, 2019 in March, 2019. The accounting year ended on 31st March, 2019. The accountant has shown it on the assets side of the Balance Sheet. Has he given the correct treatment? Give reasons.

"Closing stock is valued at lower of cost or realisable value". Which principle of Accounting is applied here?

Depreciation is a cash expenditure like other normal expenses. Comment.

If the credit side of Trial Balance falls short by ₹ 1,000 what will be its treatment?

What are Vouchers?