Debit the receiver & credit the giver is _____ account

Related MCQs

• The principle “Debit the receiver and credit the giver” is related to_____
• In profit and loss account, if credit is more than the debit, the difference is
• For every debit there will be an equal credit according to
• The rule debit all expenses and losses and credit all income and gains relates to
• M/s Stationery Mart will debit the purchase of stationery to _______
• The Branch Account prepared under Final Account System is the nature of:
• The balance of branch adjustment account is transferred to _________ account
• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?