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प्रश्न
If the total of the debit side of an account exceeds the total of its credit side, it means ____________.
पर्याय
Credit balance
Debit balance
Nil balance
Debit and credit balance
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उत्तर
If the total of the debit side of an account exceeds the total of its credit side, it means Debit balance.
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संबंधित प्रश्न
Write the word, term, phrase, which can substitute the statement.
The process of extracting the balance and inserting it on lesser side of an account.
Fill in the blank:
___________ accounts are closed by transferring its balances to Profit and Loss Account.
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ____________.
The amount brought into the business by the proprietor should be credited to __________.
What is meant by posting?
What is debit balance?
What is credit balance?
Explain the procedure for balancing a ledger account.
Show the direct ledger postings for the following transactions:
| 2017 June | Particulars |
| 1 | Raja commenced business with cash ₹ 50,000 |
| 6 | Sold goods for cash ₹ 8,000 |
| 8 | Sold goods to Devi on credit ₹ 9,000 |
| 15 | Goods purchased for cash ₹ 4,000 |
| 20 | Goods purchased from Shanthi on credit ₹ 5,000 |
Put ‘4’ mark for the nature of balance for the following.
| Account | Dr. Balance | Cr. Balance |
| 1. Capital A/c | ||
| 2. Goodwill | ||
| 3. Bank Overdraft | ||
| 4. Bills Receivable | ||
| 5. Creditors | ||
| 6. Drawings | ||
| 7. Advertisement | ||
| 8. Prepaid Rent | ||
| 9. Outstanding Salary | ||
| 10. Bad debts |
