Question

 Fill in the blanks with the correct answer. [Two marks each] (20) 11.____________ Transactions are those transactions whose value cannot be measured in terms of money. [Economic, Non-economic]
12.A transaction in which neither cash nor the name of person is mentioned, then________ is called such a transaction. [Cash, Credit]
13. _______ is not exchanged through credit transaction? [Goods, Cash, Service, Asset]
14. Opening stock + Purchases – Closing stock = ____________. [Total purchases, Adjusted purchases] 15. On ________basis, all business transactions are recorded in the books of accounts. [Journal, Voucher] 16.___________persons are included in personal accounts above than live persons. [Artificial, Political]
17. On ____________assets depreciation is always charged. [Current, Fixed] 18. On _________side of Balance Sheet perceived income is shown. [Assets, Liabilities]
19. Balance sheet is ______________. [ an Account, a Statement]
20.After preparation of trial balance, next stage is called________. [Balance Sheet, Statement, Final Accounts​

Answer 1

Answer:

11. Economic

12. cash

13.Asset

14.Adjusted purchases

15.Journal

16.Political

17. Fixed

18. Liabilities

19. An account

20. Final Accounts

Explanation:

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