10 Class Accountancy Quiz 1.3

Who is debtor?

Credit sales increase—

Bank charges are—

Passbook is issued by—

Trade discount is given to—

Assets =

Sales returns reduce—

Cash received from debtor is—

Drawings reduce—

Who is creditor?

Purchase returns reduce—

Which is a current liability?

Cash in hand is shown under—

Petty cash book is used for—

Goodwill is—

Credit purchases increase—

Final accounts are prepared at—

Cheque is—

Salary outstanding is—

Stock is—