Account True False[1 Marks ]

If a cheque received from a customer is dishonoured, it will be debited to the Customer's Account.

Goods taken by the proprietor for domestic use will be credited to Drawings Account.

Suspense Account always shows debit balance.

Interest received from Mohan will be credited to Mohan's Account.

Goods given as charity should be credited to Purchase Account.

Goods were returned to X for ₹ 351 and his account was credited with ₹ 531. In the rectifying entry, his account will be debited with ₹ 882.

It is incorrect to debit repairs account for the amount spent on the repairs of Plant purchased second hand.