Question

Give one word/term or phrase for each of the following statements:
1) A book of prime entry.
2) The tax imposed by Central Government on Goods and Services
3) Brief explanation of an entry.
4) The process of recording transactions in the Journal.
5) The French word from which the word Journal is derived.
6) Concession given for immediate payment.
7) Entry in which more than one accounts are to debited or credited.
8) Anything taken by proprietor from business for his private use.
9) Tax payable to the Government on purchase of goods.
10) Page number of the ledger.​

Answer 1

Answer:

this is the answer.

Explanation:

Give one word/term or phrase for each of the following statements:

1) A book of prime entry.

cash book

2) The tax imposed by Central Government on Goods and Services

The goods and services tax(GST)

3) Brief explanation of an entry.

narration

4) The process of recording transactions in the Journal.

journalizing

5) The French word from which the word Journal is derived.

jour

6) Concession given for immediate payment.

cash discount

7) Entry in which more than one accounts are to debited or credited.

compound entry

8) Anything taken by proprietor from business for his private use.

drawings

9) Tax payable to the Government on purchase of goods.

The goods and services tax (GST)

10) Page number of the ledger.

L.F. column of the Journal