Give one word/term or phrase for each of the following statement:i. C

1.	Give one word/term or phrase for each of the following statement:i. Concession is given for immediate payment.ii. Entry in which more than one accounts are be debited or credited.iii. Anything took by the proprietor from the business for his private use.iv. Tax payable to the Government on purchase of goods.v. Page number of the ledger.
Answer» i. Cash discount ii. Combined Entry iii. Drawings iv. Input Tax v. Ledger Folio

Give one word/term or phrase for each of the following statement:i. Concession is given for immediate payment.ii. Entry in which more than one accounts are be debited or credited.iii. Anything took by the proprietor from the business for his private use.iv. Tax payable to the Government on purchase of goods.v. Page number of the ledger.

Answer»

i. Cash discount

ii. Combined Entry

iii. Drawings

iv. Input Tax

v. Ledger Folio