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The owner of the business is known as:
Sale man
Employee
Agent
Proprietor
A cash account always shows
Credit Balance
Both a and b
Debit Balance
Nil Balance
Credit Balance of pass book must be equal to debit balance of
Cash Book
Clients other Account
Bank Ledger
None of these
All the direct expenses are charged to:
Trading account
Balance sheet
Profit and loss account
None of these
Petty cash book is a branch of
Cash Book
Ledger
Pass Book
Journal
Unfavourable balance means
Both b and c
Credit Balance in the Pass Book
Credit Balance in the Cash Book
Debit Balance in Bank Statement
In three column cash book, discount column is
Balanced
Totaled
Carry Forward
Both a and b
All the time of endorsement of a bill the drawer credits:
Bill receivable account
The endorser’s personal account
The drawee account
Endorser’s account
In journalizing the page numbers of the ledgers are written in:
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