Question

accounts class 11 ut. fill in the blanks​

Answer 1

Answer:

1

The outstanding expense is a personal account with a credit balance and is treated as a liability for the business. It is recorded on the liability side of the balance sheet of a busines

2 assets side

3)cash and bank receipts and payments.

4) duality principle, dual aspect concept involves every transaction being recorded in debit and credit accounts. ... Debit

5) decision making needs of the user.

6)

7) accounting

8)money measurement concept

9) Balance Sheet is the financial statement of a company which includes assets, liabilities, equity capital, total debt, etc.

10) cost accounting