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Q. The expenses due but not paid is known as -

Q. 4 oct Opening balance=500 units @Rs 20 each, 5 Oct:Purchase=1000 units @Rs 15 ,6 Oct Sales=500 units.What will be rate at which the sales unit will be valued as per weighted avg method?

Q. When proprietor withdrew cash from business for personal use , it is known as -

Q. Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs Calculate depreciation as per SLM method

Q. The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as?

Q. The respective normal account balances of Sales, Sales Returns , and Discounts allowed are?

Q. When Salary is paid by cheque, which account is credited.

Q. refers to the order in which the various assets and liabilities are shown in the Balance Sheet.

Q. What are the two statements prepared for summarising the transactions? I)Balance Sheet II)Journal III)P&L IV)Cash Book

Q. What is the formula for calculating depreciation in SLM Method?