Answer In One Or Two Sentence .(1 Marks)

Question 11 Mark

Write two transactions where 'Drawings' account is debited in journal book.

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Question 21 Mark

Which account will be debited when wages paid for installation of machinery purchased? Why?

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Question 31 Mark

Write two transactions where purchase account is credited in journal book.

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Question 41 Mark

Which account will be debited, when goods sold are returned back?

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Question 51 Mark

Which transaction is cause of emergence of bad debts?

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Question 61 Mark

Which account will be debited when goods is given in donation on Shradh of mother? Why?

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Question 71 Mark

What is the use of rough book.

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Question 81 Mark

What is allowance?

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Question 91 Mark

Which discount is available from cash transaction?

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Question 101 Mark

Which discount is not recorded in the books of account?

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Question 111 Mark

Why cash discount is allowed?

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Question 121 Mark

What are bank charges?

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Question 131 Mark

State the types of discount.

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Question 141 Mark

What is joint entry?

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Question 151 Mark

What is narration?

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Account Answer In One Or Two Sentence .(1 Marks)

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