Depreciation — Account STD 11 Commerce — Question

Given the same rate per cent, assets depreciate faster by the __________ as compared to the __________.

The ________ method equalises the burden on each year's Profit & Loss Account for depreciation and repairs put together.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill, which is presented by a bank for payment is dishonoured, the account to be credited is ___________.

Sale of goods to X for Cash will be Credited to __________ A/c.

Depreciation for the second year @ 10% on ₹ 15,000 purchase price ________ will be on the Fixed Instalment, whereas it will be ________ on the Diminishing Balance System.

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

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

Goods taken by the proprietor for personal use will be credited to _________ A/c.

Due date of a bill of exchange drawn on 31st January 2017 for one month will be ____________.

Outstanding rent will be debited to __________ A/c.