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प्रश्न
State whether the following statements are ‘True or False’ with reasons.
The name of an account written on top of each account is called ‘Head of Account'.
पर्याय
True
False
उत्तर
APPEARS IN
संबंधित प्रश्न
Answer in one sentence only
What is Ledger?
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.
Select appropriate alternatives from those given below and rewrite the sentence.
_________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.
State whether the following statements are ‘True or False’ with reasons.
Ledger is a book of original entry.
State whether the following statements are ‘True or False’ with reasons.
When debit side of an account is greater then the credit side, the account shows debit balance.
Fill in the blank:
Cash account always shows ______ balance
Fill in the blank:
Creditors shows _________ balance
Fill in the blank:
‘b/d’ means __________.
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:
| L.F. | Journal |
| ? | Ledger |
Complete the following table:
| Assets | Debit Balance |
| Liabilities | ? |
Answer in one sentence only.
Why Proprietor’s Capital account is a liability for the business?
