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#1. Right side of a ledger account is
#2. The recording of all the business transactions systematically in a set of books is an art. We call this as
#3. In a business, ________ is purchased and sold
#4. In ________ entry system only one aspect of a business transaction is recorded
#5. We use ________ to record the transactions pertaining to an asset, expense, liability, person, firm or institution.
#6. When an entity (a person or firm or an institution) purchases the goods or services but does not pay in cash is called as
#7. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.