The person who writes the accounts is called an (a)   .

(a)   is the systematic recording of financial transactions.

Transactions are recorded in the (a)   system.

The (a)   concept ensures that the business's financial transactions are kept separate from those of its owner.

According to the (a)   concept, a business will continue to operate indefinitely unless there is evidence to the contrary.

Under the (a)   concept, only transactions measurable in monetary terms are recorded in the accounting books.

The (a)   concept states that every financial transaction affects at least two accounts, maintaining the balance in the accounting equation.

The (a)   convention says that important information, which could affect decisions, must be included in the financial statements.

The (a)   convention means being careful and not overstating profits or assets, especially when there is uncertainty.

The (a)   convention ensures that similar accounting practices are used every year to make comparisons easier.

The (a)   convention suggests that possible losses should be recorded quickly, but profits should only be recorded when they are certain.

(a)   refers to the total amount of money a company earns from its business activities.

(a)   are the resources owned by a business that have economic value.

(a)   are the financial obligations or debts a company owes to others.

The (a)   is the difference between a company's total assets and total liabilities.

(a)   is the process of recording financial transactions in a systematic manner.

A (a)   is a summary of all the cash receipts and payments

(a)   are the costs incurred by a business in the process of earning revenue.

The (a)   is the official book where all business transactions are recorded.

(a)   is the process of spreading the cost of an asset over its useful life.

A (a)   is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

If a business has assets worth ₹.50,000 and liabilities of ₹.30,000, the capital is (a)   .

When a company buys equipment worth ₹.10,000 on credit, the assets increase by __________ and liabilities increase by __________.

(a)  

If the owner invests ₹.5,000 into the business, __________ increases by₹.5,000, and __________ also increases by ₹.5,000.

(a)  

If a business pays off ₹.2,000 of its liabilities, __________ decreases by₹.2,000, and __________ also decreases by ₹.2,000.

(a)  

A company has assets totalling ₹.80,000 and capital of ₹.45,000. The total amount of (a)   must be ₹.35,000.

·        According to the golden rule, for personal accounts, debit the __________ and credit the __________.

(a)  

·        For real accounts, the golden rule states that debit what comes __________ and credit what __________.

(a)  

The golden rule for nominal accounts is to debit all __________ and credit all __________.

(a)  

·        Under modern accounting rules, each transaction affects at least two accounts, following the principle of (a)   entry.

·        In modern accounting, for every debit entry made, there must be an equal and opposite (a)   entry to keep the accounting equation balanced.

·        A (a)   is the book where all business transactions are first recorded.

·        Each journal entry includes the date, __________, the amount column, and a __________.

(a)  

·        When recording a transaction, the amount debited must always equal the amount (a)   .

If a company pays ₹.600 for rent, the journal entry will be a debit to __________ for ₹.600 and a credit to __________ for ₹.600

(a)  

When a business takes a loan of ₹.5,000 from the bank, the journal entry will debit __________ for ₹.5,000 and credit __________ for ₹.5,000.

(a)  

If a company sells goods worth ₹.800 on credit to Raghav, the journal entry will be a debit to __________ for ₹.800 and a credit to __________ for ₹.800.

(a)  

L.F means

(a)  

The (a)   column of the cash book records all cash receipts

When a company pays rent in cash, the journal entry is recorded on the (a)   side of the cash book.

The (a)   cash book is used to record small, day-to-day expenses that are not recorded in the main cash book.

Payments made by cheque are entered in the (a)   column of the cash book

In Modern rules Accounts are classified into (a)   types