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प्रश्न
Select the most appropriate alternatives from the given below and rewrite the statement:
Debit all ______ and Credit all income and gains.
पर्याय
Giver
Expenses and losses
Goes out
None of these
उत्तर
Debit all expenses and losses and Credit all income and gains.
APPEARS IN
संबंधित प्रश्न
Answer in one sentence only:
State the rule of Nominal Account.
Answer in one sentence only:
State the rule of Personal Account.
Select the most appropriate alternatives from the given below and rewrite the statement:
Debit the receiver, Credit the ____________
Select the most appropriate alternatives from the given below and rewrite the statement:
Debit what comes in, Credit what ______
State whether the following statement is True or False with reasons:
The rule of Nominal Account in Debit the receiver and Credit the giver.
Fill in the blank:
Debit all expenses and losses, Credit all ______
Prepare a chart showing Analysis of the following transactions in a Tabular form according to the Traditional Approach:
1. Rajasaheb started the business with cash of ₹ 85,000.
2. Goods Purchased for cash ₹ 5,000.
3. Sold goods on credit worth ₹ 6,000 to Ramesh.
4. Cash deposited into Bank of Maharashtra ₹ 12,000.
5. Interest received ₹ 700 from Radhika.
6. Paid Rent ₹ 2,000 to the landlord.
7. Bought goods on credit from Birajmohan ₹ 7,000.
8. Withdrew cash from bank ₹ 1,000 for office use.
9. Purchased computer ₹ 9,000 for cash.
10. Paid Mobile bill (office) ₹ 500.
11. Sold old Mobile ₹ 2,000.
12. Received Rent ₹ 1,000 from the tenant.
