Debit all expenses and losses, Credit all income and gains is the Golden rule for which of the following types of accounts?

Accounts-related to individuals, a group of individuals, firms, and institutions. This statement is used for which one of the following types of accounts?

Does the accounting process begin with identifying and recording the transaction in the books of accounts?

…………………………..is not an Accounting Group in Tally?

Pinnacle Enterprises paid ‘Conveyance’ expenses. Which Accounting Group did you select during the creation of this ledger?

Which of the given option will lead to a flow out of money from Pinnacle Enterprises?

Choose the correct equation?

Pinnacle Enterprises need to pay salaries to an employee for their service to the company. It is usually paid on the 5th of the following month. How do you treat the amount of salary payable amount to employees in the books?

Pinnacle Enterprises bought computers, printers, and office furniture for the purpose of continuous use and in turn to generate income for the business. How do you treat them in the books of account?

Mr. Kumar paid cab charges toward the visit done at the supplier’s office to negotiate on prices of ‘Pinnacle Enterprises' which he bought. These cab charges paid by Mr. Kumar will be considered in the books of Pinnacle Enterprises as………………?

Pinnacle Enterprises sold goods to customers on a credit basis, some customers have not yet paid these invoices. What do you call these outstanding which are yet to be received from customers?

Pinnacle Enterprises has collected GST from customers on goods sold, and it has to be paid to the government as per regulations. You will treat GST collected as:

Pinnacle Enterprises paid the Deposit amount to the landlord for renting an office. Which is refundable once they vacate the office in the future. How do you consider this amount in the books of accounts?

The balance sheet of ‘Pinnacle Enterprises’ is a financial statement reporting the company’s………………...amounts as on any given date.