Question

1. Assets = Liabilities +
2. What is transaction?
3. What is Book-keeping?
4. Mention any one features of cash book?
5. Who are Debtors?
6. What is voucher?
7 State any one objective of Accounting?
8. Give any two examples of revenues
9. What is capital expenditure?
10. Give the credit rule of
capital?​

Answer 1

Explanation:

1. capital
2. Exchange of goods and services in monetary term
3. recording of transaction
4. Only cash transaction are recorded here
5. person or entity who will pay us the amount
6. it is source documents
7. It helps to determine profits and losses of an entity
8. sold furniture for 10,000 and sold machinery for 8000
9. expenditure occured in Capital