Interest charged on drawings. Find out which account will be credited
Drawings A/c
Interest on drawing A/c
Cash A/c
Bank A/c
In credit amount column, the amount is to be _____ is recorded against credited account.
Debited
Credited
Both a & b
None of the above
The transactions entered in the Journal are later on posted to the
Final A/c
Subsidiary book
Ledger
In which column both sides of trial balance does not agree, the posting of every entry has to be checked ?
Ledger folio
Date column
Particular
Both debit & credit
Find out the cash discount received from the Journal entries.January.02 Bought goods of the list price Rs. 30,000 from Ram at 10% trade discount.January. 05 Returned goods to Ram of the list price Rs. 5000.January. 08 Settle the account of Ram by paying Rs. 21,000 in cash.
4500
2500
1500
3500
Find out the Rule for Real account from the following.
Debit the receiver, credit the giver
Debit what comes in and credit what goes out
Debit all expenses and losses
The dues from debtors which cannot be realized is known
Debtors
Creditors
Bad debts
