On which side is increase of assets posted?
Debit
Credit
Liability
Expenditure
On which side is decrease of assets posted?
Income
Voucher is prepared from:
Documentary evidence
Journal entry
Ledger account
All of the above
How many sides does an account has?
Two
Three
One
None of these
A purchase of machine for cash should be debited to
Cash account
Machine account
Purchase account
On which side increase of expenses are posted?
Voucher is prepared for
Cash received and paid
Cash/credit sales
Cash/credit purchase
Recording of transaction in the journal is called:
Casting
Journalising
Posting
Recording
Which is the book of original entry?
Journal
Cashbook
Purchase book
Sales book
In ____________ book, transactions are recorded in the chronological order.
Ledger
Balance sheet