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प्रश्न
Answer in one sentence only.
Why Proprietor’s Capital account is a liability for the business?
उत्तर
Capital invested in the business by the proprietor is an asset for the proprietor and liability for the business.
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संबंधित प्रश्न
Answer in one sentence only
What is Ledger?
Answer in one sentence only
When does an account show a nil balance?
Answer in one sentence only
What is Folio?
Answer in one sentence only.
Why does cash account never shows a credit balance?
Write the word, term, phrase, which can substitute the statement.
Principal Book of accounts.
Select appropriate alternatives from those given below and rewrite the sentence.
‘c/d’ indicates _______ balance
Select appropriate alternatives from those given below and rewrite the sentence.
__________ Column of ledger is used for writing page number of Journal.
Select appropriate alternatives from those given below and rewrite the sentence.
Debtors Account shows ___________ balance.
State whether the following statements are ‘True or False’ with reasons.
Ledger is a book of original entry.
Fill in the blank:
________ balance on Nominal Account shows expenses or loss.
Fill in the blank:
Cash account always shows ______ balance
Fill in the blank:
The right hand side of an account is called ___________ side.
Fill in the blank:
Creditors shows _________ balance
Fill in the blank:
‘b/d’ means __________.
Fill in the blank:
Rent paid for the residential quarter will be debited to ____________ account.
Fill in the blank:
Sold goods of Rs. 24,000 at 20% profit on cost, the purchase price of the goods is ___________.
Complete the following table:
| Journal | Journalising |
| ? | Posting |
Complete the following table:
| L.F. | Journal |
| ? | Ledger |
Complete the following table:
| Assets | Debit Balance |
| Liabilities | ? |
