Question

Q.5 Fill in the blanks.
1) The first book of original entry is the
2)The process of recording transaction into journal is called ......
3)An explanation of the transaction recorded in the journal.
4)discount is not recorded in the books of accounts.
5) is concession allowed for bulk purchase of goods or for immediate payment
6) Every Journal Entry requires
7)discount is always recorded in the books of accounts.
8) is the document on the basis of which the entry is recorded in journal.
9) There are ...... parties to a cheque.
10) The ...... cheque is more safe than other cheques as it cannot be encashed on the
of the bank​

Answer 1

1 journal entry

2 credit