PUZZLE TIME

7. person to whom business owes money
8. a selected set of accounting policies and guidelines
10. bills accepted by the business to make payment
13. entry recorded on both debit and credit side of the cash book
17. money brought in by the proprietor to the business
18. money withdrawn from the business for personal use
19. Ind AS 18
20. cash sales is recorded in which subsidiary book
21. bills drawn to receive the payment from the debtors
22. ascertaining the difference between the total debits and total credits of an account
23. person who owes money to the business
25. an economic resource of the firm

1. 'anticipate no profit but provide for all possible losses' is the rule of which convention?
2. one journal entry to record a number of transactions is called
3. bought a table and a chair, which account is to be debited
4. debit note is a part of which returns book?
5. tea to customers is recorded in which column of the petty cash book
6. transferring the entries from journal to the concerned ledger accounts is called
9. statement prepared to match both cash book and pass book balance
11. liabilities show which balance?
12. plant and machinery show which balance?
14. credit sales is recorded in which subsidiary book
15. cash book with columns to record only receipts and payments
16. transactions are recorded in which order?
24. salary paid by cheque, which account is to be credited