Question

1. Withdrawal of money from bank for personal use ,_______ account will be debited, _______account will be credited.
2. Salary due to clerk Rs20000 will be credited in _________ account.
3. Bought computer for Rs10000, plus CGST and SGST @6% each against cheque,_____ A/c will be credited with Rs __________.
4. State the meaning of journal?
5. In the books of M/s Tomy enterprises, the cash received Rs 12000 will be recorded on the ________side of cash book.

Answer 1

Answer:

1) drawing, cash

2) salary outstanding

3)bank will be credited and amount will be 11200

4) journal is a book of accounting in which we record all the transactions whether it's of past or future or present...

5)credit side of cash book

Answer 2

Answer:

1)Drawing, Cash

2)Salary Outstanding

3)Bank A/c, 11200

4)Record day to day transactions.

5)Credit