What are source documents?

What is accounting equation?

How are personal accounts classified?

State the accounting rule for nominal account

Give the Meaning of Debit note.

What is meant by external liabilities?

How will you record Rs 5,000 paid for installation charges paid on new machine bought?

What will be the amount of capital if cash is Rs. 5,000; Furniture Rs. 10,000; Stock Rs. 20,000 and Creditors Rs. 5,000?

What is Pay-in-Slip?

What is Cheque?

What do the following Journal Entries mean?
Cash A/c Dr.
To Furniture A/c

What do the following Journal Entries mean?
Bank A/c Dr.
To Cash A/c

Journalise the following opening entry:

	Rs
Cash in hand	2,000
Creditors	13,000
Plant	50,000
Debtors	18,000
Furniture	5,000

If a transaction has the effect of decreasing an asset, is the decrease recorded as a debit or as Credit? If the transaction has the effect of decreasing a liability, is the decrease recorded as a debit or as a credit?