Question

Q.2. Give one word, phrase or term for the following:

*(1) Business Assets which cannot be seen, touched but can be sold for cash. *12) Name the account which is debited when the proprietor uses business money for domestic use.

*(3) Proprietor's Personal Account. of book.

*(4) The amount paid to owner/author of book copyright for the use

*(5) Right hand side of an account.

*(6) Accounts other than the impersonal account. *17) Accounts of property.

*(8) Name the account which is debited when dog is purchase for business security. *19) Left hand side of an account.

*(10) Name the account which is debited for payment of import duty.

(11) Traditional method of book keeping.

(12) Type of account in which transactions related to assets are recorded.

(13) Effect given in personal account for receiver of benefit.

(14) The account of persons.

(15) The accounts of expenses and losses.

(16) A cash book written in local language by Munimji to record all types of transactions.

(17) Most scientific system of recording business transactions. (18) Stock of animals kept for sale.

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Answer 1

Answer:

Let's see the answers

Explanation:

1) Intangible assets

2) Drawing A/C

3) Capital A/C

4) Copyright

5) Credit side

6) Personal A/C

7) Asset Accounts

8) Security Account

10) Input Taxes A/C

11) Accrual basis of Accounting

12) Real Account

13) Debit

14) Personal Account

15) Nominal Account

16) Cash basis of Accounting

17) Double entry system

18) Stock of goods

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