Question

B) Write word/Term or phrase each of the following statement.
(5
1) Accounts of Assets and property,
2) Recording of business transactions.
3) Exchange between two persons.
4) The tax imposed by Central Government on goods and services.
5) Amount invested in business by the proprietor.​

Answer 1

Answer:

1) Assets account ( may be revenue a/c bcoz assets and properties are income)

2) Journals and ledgers

3) Transaction ( business )

4) Goods and service Tax

5) capital

Explanation:

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