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to ascertain the profit, closing capital is to be adjusted by deducting …………… and adding…………….

To change period in Tally we use ………… key.

Three days are added for ascertaining the date of maturity. These are knowns as days of grace.

Three days are added for ascertaining the date of maturity. These are knowns as days of ______

Three days are added for ascertaining the date of maturity, these are Known as days of….

This is a non accounting voucher.

There isno error in the books.

There are_______parties to a bill of exchange.

There is a need for adjustment of prepaid/outstanding expenses in _______ basis of accounting.

There are ……. Per defined groups in tally :

The…………concept states that if straight line method of depreciation is used in one used in one year, then it should also be usd in the next year.

The work 'C' against an entry in the Cash Booksignifies that this entry is not to be …… to the ledger .

The Trial Balance shows the following balances as at 31st March, 2019 Closing Stock was valued at Rs 35,000. Required: Complete the missing values of Trading Account, Profit and Loss Account and Balance Sheet

The Trial Balance of Manish gives the following information : It is decided to create aProvision for Doubtful Debts @ 10% on debtors and a Provision for Discount @ 2% on debtors. Show how the adjustment will appear in the Final Accounts.

The Trial Balance of a retail trader on 31st March 2019, includes the following selected accounts : The closing stock on 31st March, 2019, is valued at Rs 30,500 Yor are required to complete the missing values

The total of Purchase Return Column of Purchases Return book will be posted to the :

Theterm sales is used only for the sales of …………… and is never used for the sale of …………….

The term book keeping and Acounting can be used interchangeably.

The statement of Affairs in the beginning reveals _________

The receipt side of the Cash Book ( Bank Column ) was overcast by â‚¹ 5,000. When the balance as per Cash Book is the starting point.

"The role of accounting has changed over the period of time " Explain.

The rebate on a Bill shows that the bill

The Rebate on a Bill shows that

The promissory note is signed by Drawer.

The profit/loss under __________ of accounting will be different from profit/loss under Accrual Basis of Accounting.

The process of transferring the accounts from the Journal to the ledger is called

The process of recording a transaction in the Ledger is called posting.

The process of accounting starts with _______ and end with _________

The principle of consistency is particularly valuable when alternative accounting method is equally acceptable.

The preparation of Trial Balance helps in

The payment side of the Cash Book ( Bank Column) was overcast by â‚¹ 10,000. When the balance as per Cash Book is the starting point

The person to whom payment is to be made in a bill or exchange is called payee

The preparation of a Trial Balance helps in

The party which is ordered to pay the amount is known as…

The payment of promissory note is made by its maker. Do you agree?

The party which is ordered to pay the amount is known as ________

The ownerof the firm records his medical expenses in the firms' income statement. Indicate the principle that is violated.

The objective of book keepind is to maintain complete record of financial transactions.

The nature of capital is a __________

The nature of accured income is _______

The nature of capital is

The nature of accrued income is

The Manger is entitled to commission of 5% on profits before deducting the commission. The profit is Rs 2,100, therefore, the commission will be

The Manager is entitled to commission of 5% on profits before deducting the commission. The profit is Rs. 2,100, therefore, the commission will be

Themanagement of a firm is remarkably incomponent, but the firm's accountant cannot take this into account while preparing books of accounts because of ………..concept.

The process of accounting starts with _ and end with ___