Purchased a horse for business Rs. 5000, in this transaction which account will be debited ?
Horse A/c
Purchase A/c
Live stock A/c
Cash A/c
The goods ‘go out’ on returning of goods to the supplier. The account should be _______ on returning goods purchased.
Debit
Credit
Both a and b
None of the above
Bought goods from Naresh find out the account involved in this transaction.
Goods
Naresh
Both A and B
Which account is meant for recording returns of goods sold by the customers ?
Purchased A/c
Sales A/c
Purchase return A/c
Sales return A/c
Point out increase of capital is ________.
Both a & b
Interest on capital Account is a ______ account.
Personal
Real
Nominal
The things which comes in business should be ________.
March 15, 2004, - cheque received from santhosh Rs. 30,000 and immediately balanced – Identity which account is to be credited.
Bank A/c
Santhosh A/c