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Accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2010 1. When a bill of exchange is discharged ,the acceptor debits :

 Creditor’s Account
 Cash Account
 Bills Payable Account
 Debtor’s Account

2. A debit balance in a personal account represents______________

 Liability
 Asset
 Cash at Bank
 Creditors

3. Under consequential loss insurance, in order to find out the loss of profit, the gross profit ration is applied on the _____________ caused by fire during he indemnity period or the dislocation period.

 Profit on Turnover
 Selling Price
 Loss of Turnover
 Purchase price
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 February 2010
1.Cash A/c Credit

2.Asset

3.Loss of turnover
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