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#1. We use ________ to record the transactions pertaining to an asset, expense, liability, person, firm or institution.
#2. The investment by the proprietor in the business, in the form of goods/cash or any other assets is known as
#3. _____________ is the document that certifies the purchase or sale or any other monetary transaction.
#4. To get the financial results, businesses uses the following process for recording, classifying and summarising all the business transactions.
#5. Vouchers are
#6. Closing stock refers to the goods brought in by the owner when the business is started
#7. A Building is
#8. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.
#9. The cash available with the business is fixed asset
Cash is current asset.