Which of the following reveals the relation between capital, assets and liabilities?

If there is a difference on both sides of a trial balance, it is transferred to

Accommodation bill is used

If any municipal tax is due, but not paid due to dispute, it is taken as a

In the absence of any explicit agreement about profit sharing, profits and losses are shared between partners in the ratio of

Posting in accounting means

No journal entry is necessary to be passed when there is

In the ledger, normally there will be _____ columns.

Insurance prepaid will be a

All of the following have debit balance, except

In the bank reconciliation statement starting from bank balance, a cheque issued for Rs. 500 was wrongly credited by bank as Rs. 1000/-. Bank balance will be

Dividends are usually paid as a percentage of

Overdraft, as per passbook, is of 8000.

(i) Cheques deposited in the bank, unrecorded in cash book = 200 (ii) Cheques drawn, but not presented for payment = 5000 (iii) Bank charges not recorded in cash book = 300

Overdraft, as per cash book, is

If del credere commission is allowed for bad debt, then the consignee will debit the bad debt to

Depreciation under the straight line method per year, for an asset of 20000 with salvage value nil and life for 4 years, will be