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Increase in assets are debited and decrease in assets are credited.

Increase in capital are credit the receiver is the rule of Personal Accounts.

Increase in capital is credited to ________

Incomplete records are generally used by……………

Income tax paid by proprietor of Rs. 30,000. It will be ________

Income tax paid on behalf of the proprietor is debited to the Profit and Loss Account.

Incomplete record mechanism of book keeping is:

Income tax paid by a sole trader is shown

Income received in advance is deducted from the income because of

Income received in Advance is debited to _______ accont and credited to Income Received in Advance Account while making adjustment entries.

Income received in advance, if given outside the trial Balance is shown in

Income Received in advance, if given in the Trial Balance is shown in

Income is measured on the basis of :

Income Receivable (Accrued Income) is

Income is

In which account total of Purchases Return Book is recorded?

In which basis of accounting Outstanding expenses are not recorded?

In trading and profit and loss account, opening stock appears on the debit side because it forms the part of the cost of sales for the current accounting year.

In the following Trading and Profit and Loss Account for the year ended 31st March, 2019, and Balance Sheet as on that date, determine the missing information:

In the following Machinery Account. Determine the missing values, if depreciation is to be charged " @ "10% p.a. as per Diminishing Balance Method. On 1st October, 2018, a part of the machinery valued in the books of the firm at Rs 16,000 on 1st July, 2016 was sold for Rs 10,000.

In the following Machinery Account, determine the missing values, if depreciation is to be charged "@ "10% p.a. on the Original Cost. On 1st October, 2018, the machinery was sold for Rs 1,20,000.

In the following Purchases Return Book, determine the missing information:

In the following Sales Book, determine the missing information:

In the following Machinery Account, determine the missing values, if depreciation is to be charged "@ "10% p.a. as per Straight Line Method:

In the following Journal Proper, determine the missing information :

In the Cash Book of a firm, Bank Account showed a credit balaces of Rs. 5,000 . There were u npresented cheques amounting to Rs. 1,500. The Statement showed bank Statement ?

In the event of abnormal loss (say, loss of goods by fire), the amount of loss debited is

In spite of all efforts by the accounting team for the agreement of Trial balance , the difference is palced temporarily in miscellaneous epense account . Whether the decision is correct? If not , name the account in which the difference should have been placed explaining the nature of the account?

In purchase book goods purchased on ……….are recorded.

In double column cash book ………transactions are also recorded.

In Journal Proper , only _______ discount is recorded.

In every transaction, _________ aspect are involved.

In cash Bank Overdraft, 'Bank Column' in Cash Book will show credit Balance.

In case of net worth method of Single Entry System, Profit is ascertained by

In case of net worth method of Single EntrySystem, profit is ascertained by

In case of renewal of the bill, interset is charged for the period of

In case of errors of partial omission, will the Trial Balance agree? Why?

In case of dishonour of bill, noting changes are borne by Bank.

In case lesser amount is recorded in sales invoice by mistake, then a ……. Is sent

In case a Trial Balance does not agree,the difference is placed in

In Bank Reconciliation Statement a part of Double Entry System?

In accounts recording is made of :

In _________ accounting , the process of posting, totalling and preparing Trial Balance are also performed, whereas in ________ accounting, these processes are performed through the __________

In a two-column Cash Book , both Cash column and Bank Column are balanced.

In a business provision for doubtful debts is created @5% on debtors every year. Name into two accounting principles followed in this process.

Imprest system of petty cash is used for easing the work of the Headk cashier .Do you agree?

IFRS are based on

If wages paid for installation of new machinery is debited to wages Account, it is:

In _ accounting , the process of posting, totalling and preparing Trial Balance are also performed, whereas in accounting, these processes are performed through the __