Basic Accounting Terms — Account STD 11 Commerce — Question

The fact that a business is separate and distinguishable from its owner is best exemplified by the ............... concept.

Premium paid on the life insurance policy of the proprietor will be debited to __________ A/c.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill is dishonoured, the account to be debited is ____________.

_____ are created out of capital gains.

Cash received from Surender as rent will be credited to ___________ A/c.

The ________ method equalises the burden on each year's Profit & Loss Account for depreciation and repairs put together.

Salary paid to Mohan will be debited to __________ A/c.

Ledger account gives the folio of …..

Under the Fixed Instalment Method, depreciation is calculated on ________ of the asset.

For goods returned by customer __________ A/c is debited.