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TS GREWAL-PROJECT WORK-Fill in the blanks with appropriate words:
- Debit what comes in and credit what goes out is the rule of Account.
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- Cash or goods withdrawn by the proprietor for his personal use is debi...
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- Debit in relation to Asset Accounts and Expense Accounts means an but...
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- Debit all expenses and losses and credit all incomes and gains is the ...
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- Cash memo is prepared when goods are sold against
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- Invoice is a source voucher for purchaser of goods on
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- If pruchaser of goods returns the goods, he will prepare a
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- Cash Memo is a voucher.
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- When goods are sold on credit the seller prepares an
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- When goods are purchased against cash, the purchaser will get
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- Receiver's Account is
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- Sold goods to Ram-Ram's Account will be
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- Received interest- Interest Account will be
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- Trade discount is in the books.
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- A journal is known as a book of entry.
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- Business transactions are recorded in the order in which they
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- A journal entry may have more than one debit or more than one
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- Journal provides an explanation of the
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- Machinery Account is neither a Account nor a Account.
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- Discount is allowed to encourage timely payment
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