Question

26. Briefly explain the following basic accounting terms:
a) Sales b) Expenditure c) Profit d) Gain e) Drawings ) Debtors
27. Write any 12 accounting standards.
28. Journalising the following transactions:
2020 Jan.01 Business started with cash 25.000
Jan 03 Opened bank Account with SBI 5.000
Jan,05 Bought goods from Satish on credit 7.000
Jan 07 Returned goods to Satish 500
Jan.08 Issued cheque infavour of Satish 4.000
Jan. 10 Gave charity 500
Jan.15 Paid Electricity bill 750
Jan. 18 Bought office furniture 3.000
Jan. 20 Drew cash from Bank for personal use 3200
Jan.22 Bought Postage stamps 100
Jan.25 Drew cash for personal use 1.000
DPUE ACCOUNTANCY PU/2020-21​

Answer 1

Answer:

Proxima Centauri, the closest star to our own, is still 40,208,000,000,000 km away.