Under _________ system, cash book is the most important book where all cash receipts and payments are recorded in chronological order.
Journal
Trading
Ledger
Cash
The income of subscription is arrived from
With the adjustment of advance and outstanding
Without the adjustment of advance and outstanding
Current years subscription is only taken
None of the above
___________ is prepared with the balances of real and personal accounts only.
Profit and loss account
Income and expenditure account
Receipts and payments account
Balance sheet
Difference between receipt and payment side is
Excess of income over expenditure
Capital
Liability
Cash or bank balance.
____________ usually begins with opening balance of cash in hand / at bank and ends with balance of cash/ bank balance.
Trading account
__________ is only a statement and not an account.
___________ is prepared to check the arithmetical accuracy of books of accounts.
Trail balance
Trading accounts
None of these
__________ is a day book used to record all receipts and payments of cash.
Cash book
Purchase day book
Legacy is
Revenue income
General donation
Special donation
Honorarium is ______________.
Capital expenditure
An expenditure from specified receipt
Revenue expenditure
