(B) Write a word or a term or a phrase which can substitute each of the following statements.

1. A statement showing financial position of the business on a particular date. Balance Sheet

2. The amount which is not recoverable from debtors. Bad debts

3. Stock in hand at the end of the accounting year. Closing stock

4. The transport expenses incurred to carry the goods purchased by the firm. Carriage inward

5. Income which is received before its due date. Pre-received income

6. The debit balance of Trading Account. Gross Loss

7. The credit balance of Trading Account. Gross Profit

8. A provision which is created on sundry debtors. Reserve for Doubtful Debts

9. The amount withdrawn by the partners from the business for their personal use. Drawings

10. The accounts which are prepared at the end of each financial year. Final Accounts

11. Expenses which are paid before due. Prepaid expenses

12. The statement showing list of all ledger balances. Trial Balance

13. The credit balance of Profit and Loss Account. Net profit

14. Expenses which are due but not paid at the end of the year. Outstanding expenses

15. Assets which are held in the business for a long period. Fixed assets

16. Goods returned to suppliers Purchase returns

17. An amount paid for the permission to use patents & copyrights Royalty

18. An account to which net loss is transferred in a partnership firm. Partners capital a/c

19. Concession given by firm to customer. Discount allowed

20. Concession given by suppliers to firm Discount received

21. Example of fictitious asset. Preliminary expenses

22. An account prepared by producer to find cost of production. Manufacturing a/c

23. Expenses which are paid off in one year but benefit is availed for number of years Deferred expenses

24. Assets which are not real assets of the business. Fictitious assets

No comments:

PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

You can also pay the necessary amount (Rs. 50 for Each Notes) to our UPI ID:

After paying Rs. 50 you will get your notes and paper solution either by email or through WhatsApp in PDF digital form.


If you are not certain how this will work then please contact on this number: 8169449238 (Only WhatsApp) No personal Calls allowed. All the best for upcoming Board Exam.


2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019


BUY FROM PLAY STORE

DOWNLOAD OUR APP



HOW TO PURCHASE OUR NOTES?




S.P. Important Questions For Board Exam 2020


O.C.M. Important Questions for Board Exam. 2020


Economics Important Questions for Board Exam 2020


Chemistry Important Question Bank for board exam 2020


Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination


Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2020 Examination


MUST REMEMBER THINGS on the day of Exam


Are you prepared? for English Grammar in Board Exam.


Paper Presentation In Board Exam


How to Score Good Marks in SSC Board Exams


Tips To Score More Than 90% Marks In 12th Board Exam


How to write English exams?


How to prepare for board exam when less time is left


How to memorise what you learn for board exam