Cash Book
Sales Book
Purchases Book
Journal
An Income
An Expense
An Asset
A Liability
Trial Balance
Deficit A/c
P & L A/c
Balance Sheet
Conversion A/c
Receipts and Payments A/c
Contract A/c
Suspense A/c
Bank charges
Commission
Bank overdraft
Interest
Profit & Loss A/c
Receipts and Payments
Income and Expenditure A/c
Credit side
Left-hand side
Right-hand side
None of these
Profit and loss A/c
Trading A/c
Cash A/c
Assets side
Liabilities side
oral
written
duplicate
either written or oral
5% p.a.
6% p.a.
no interest
7% p.a
1 : 1
2 : 1
1 : 2
equal ratio
unlimited
limited
according to capital
decided by company act
50
20
100
no limit
1956
1912
1932
1949
not defined in the law
limited to the capital only
A
B
C
D
6 months
1 year
1 month
5
7
2
10