Question

Q. 1)State the following sentences are True or false.

1)Book Keeping and accountancy are one and the same.

2)Bank overdraft is an asset of the business.

3)Every debit has equal and Corresponding credit.

4)Assets= Capital+ Liabilities.

5)Narration is not required for each and e​very entry. ​

Answer 1

Answer:

false

true

false

true

true