Theory Base of Accounting — Account STD 11 Commerce — Question

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill is dishonoured and the noting charges are paid by the endorsee, the account to be credited is _____________.

Under fixed instalment method, depreciation is calculated by deducting the ________value from the ________ cost of the asset.

______ refer to those liabilities which are to be paid normally within one year.

______ refer to those liabilities which are to be paid normally within one year.

_____ are created out of capital gains.

Cash sales to Ram will be posted to ............ side of .............. account.

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

Due date of a bill of exchange drawn on 29th January 2017 for one rnonth will be ____________.

Complete the following work sheet:
If a firm believes that some of its debtors may ‘default’, it should act on this by making sure that all possible losses are recorded in the books. This is an example of the ___________ concept.

The word 'C' against an entry in the Cash Book signifies that this entry is not to be ............ to the ledger.