Section : B
Answer the following questions in one sentences :
(11) How many sides are there in a trial balance ?
(12) What is bad debt for business?
> (13) What is cash transaction ?
(14) What is Journal ?
(15)
(16)
(17)
What is inter state supply transaction ?
What is meant by subsidiary books?
What is bank overdraft?
What is Journal proper ?
What is ledger?
What is the man objective of preparing a bank reconciliation statement ?
(18)
(19)
(20)
Answers
Answer:
please tell one answer
Answer:
11) 2 sides debit and credit.
12)it is a loss as as it can not be recovered.
13)a cash transaction refers to transaction in which outflow of cash towards purchase of any good, services, or assets.
14)a journal is a book in which transacations are recorded of business regardless of the fact that the transactions are economic or non economic.
17i)Inter-State supply of goods or services is when the location of the supplier and the place of supply are in different states.
17 ii)Subsidiary Books are books of Original Entry. They are also known as Day Book or special journals. We record transactions of similar nature are in Subsidiary Books. They are helpful in overcoming the limitations of journal book or journal entries.
17 iii) it means that the bank allows customers to borrow a set amount of money.
17 iv) journal proper is a book in which transactions are recorded,and transactions which don't find place in special journals come here.
17 v) a ledger is an account or record used to store book keeping entries for balance sheet and income-statement transactions
17 vi) i) To ensures the accuracy of the balances shown by the pass bookand cash book.
ii). To provide check on the accuracy of entries made in the both books.
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