A firm has assets of Rs.1,00,000 and the external liabilities of Rs.60,000. Its capital would be  

The incorrect accounting equation 

Accounting equation is formed based on the accounting principle of

Real account deals with  

Which one of the following is representative personal account?

Prepaid rent is a  

Withdrawal of cash from business by the proprietor should be credited to 

In double entry system of book keeping, every business transaction affects  

________ starts with identifying business transactions involving money or money's worth.

____________ are recorded as and when they take place with the written and authentic proof.

______ is used for credit purchases and credit sales.

________ is prepared in three copies.

_______ is prepared in duplicate and the original is sent to the seller.

A debit note is called as _______

_____ is a statement prepared by the seller who receives back from his customer the goods sold.

_________ is a negotiable instrument.

_______ system is the scientific and complete system of recording the financial transactions of a business.

Transaction can be classified into  _______ transaction and _______ transaction.

The relationship of assets with that of liabilities to outsiders and to owners in the form is known as _____.

Accounting equation is a ____ expression which. shows that the total of assets is equal to the total liabilities and capital.

Equity + Liabilities = ______

Transactions relating with individuals or firms or companies are known as _______

______ is the original book of recording the business transactions in a systematic manner.

The word journal has been derived from the French word 'Jour' Jour means _________

Murali account is an example for ______

Goodwill is an example of ________

The Accounting Equation is connected with ________

The liabilities of a business are Rs.30,000, the Capital of the proprietor is Rs.70,000. The total assets are _____

Rs.500 not recovered from Mr. Surya a customer due to his insolvency is debited to _______

Received cash for Bad debts written off last year is credited to ____

Name the source document used for depositing money in the bank.

Credit purchases of furniture will be recorded through which Voucher?

Name the column in a journal which is not filled at the time of journalising

Source documents are the _______

The effect of each business transaction will have the effect on accounting equation _____

Raman started business with Rs.60,000 as capital. The effect of the transaction would be ________

The Liabilities of a firm are Rs.3,000; the capital of the proprietor is Rs.7,000. The total assets are ____________

Harsha commenced business on 1^st April, 2013 with a capital of Rs.6,00,000. On 31^st March, 2014 his assets were worth Rs.8,00,000 and liabilities Rs.50,000. Find out his closing capital.

If the total assets of a business Rs.1,30,000 and capital is Rs.80,000. calculate the external liabilities (creditors equity)

If the total assets of the business are Rs.4,50,000 and external liabilities are Rs.2,00,000. calculate internal liabilities (owner's equity)

Point out the incorrect accounting equation

Which one of the accounting assumptions with which the account equation is formed ____

Which one of the following is representative personal account?

Cash A/c is a ______

Process of recording business transaction in the prime record is called as _________

Personal account deals with ____

Which one is one of these cash transactions?

Building is an item of ________

Rent outstanding is _________

Journal is a book of ___