PUZZLE TIME

2. bought a table and a chair for 5000, which account is to be debited?
3. 'anticipate no profit but provide for all possible losses' is the rule of which convention?
4. credit sale of goods appear in which subsidiary book?
6. cash sale of goods appears in which subsidiary book?
8. Ind AS 18 is about?
11. person who owes money to the business
12. money withdrawn from business for personal use
14. transferring the entries from journal to the concerned ledger accounts is called
16. liabilities show which balance?
17. amount brought in by the proprietor
18. plant and machinery appear in the ______ column in the Trial Balance
19. entry which is recorded on both the debit and credit side of the cash book

1. tea to customers is considered under which column in the petty cash book
5. transactions should be recorded in what order?
7. statement prepared to match the balance of cash book with the balance of pass book on any given date
9. ascertaining the difference between the total debits and total credits of an account is called
10. salary paid by cheque, which account is to be credited?
13. a selected set of accounting policies or broad guidelines
15. an economic resource of the firm
16. person to whom business owes money