If the capital accounts are fixed and commission is paid to a partner, it will be shown in

What type of account is a drawings account?

To which of the following accounts is the income tax paid by the sole-proprietor from business bank account debited?

To which of the following accounts is Rs. 5,000 spent on the repair of a newly purchased old motor car debited?

Carriage charges paid for a new plant purchased if debited to carriage account, would affect

Material costing Rs. 700 in the erection of a machinery and the wages paid for it amounting to Rs. 400 should be debited to

To which of the following accounts is the difference of total of both debit and credit sides of a trial balance is transferred?

To which of the following accounts is the carriage inwards debited?

Real accounts are related to assets of a firm and not

What type of account is Vikas and Co. account?

Which of the following accounts will have a credit balance?

Abnormal loss on consignment is credited to

What type of account is a joint venture account?

Sale of scrap of raw materials appearing in the trial balance are shown on the credit side of

The cash discount allowed to a debtor should be credited to