1. Answer any Three question each question carries one mark
1.________is the language of business,
2. What is voucher?
3. Expand JF
4. According to which concept the owner and business is considered creditor of the business.
a) Money measurement concept
c) Going concern concept
b) Dual aspect concept
d) separate entity concept
II. Answer any THREE questions each question carries two marks.
5. Define BOOK KEEPING
6. What is journal?
7. What do you mean by Balancing of account?
8. Name any two types of subsidiary book.
9. What is an Invoice?
Answers
8. i) cash book
ii) sales book
iii) bills receivable book
iv) bills payable book
1. Accounting
7.if you balance an account, you adjust entries In the account in order to make to make the credit and debit totals equal. if the growing new venture shows a profit, it is a fiction :a book keeping entry put in only to balance the accounts.
substituing the value of concerning segment geroge
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