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#1. The investment by the proprietor in the business, in the form of goods/cash or any other assets is known as
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#2. Vouchers are
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#3. _________ is the legal activity performed to earn profits.
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#4. The surplus of assets over the liabilities is called as
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#5. A Building is
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#6. To get the financial results, businesses uses the following process for recording, classifying and summarising all the business transactions.
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#7. We use ________ to record the transactions pertaining to an asset, expense, liability, person, firm or institution.
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#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.
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#9. Salary is
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#10. The inventory of goods that remain unused/unsold at the end of the year is called as
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