Fill in the blanks with suitable word(s)

  1. Subdivisions of the journals into various books for recording transactions of similar nature are known as __________.
  2. Each one of the Subsidiary books is a special journal and a book of ________ entry.
  3. Purchases book is meant for recording ________.
  4. Only credit sales are recorded in ___________.
  5. Goods returned by customers are recorded in ________.
  6. The goods returned by their trader to suppliers are recorded in ________.
  7. The person who prepares the bill of exchange is called the ________.
  8. Bills Receivable Book records the _____ of Bills
  9. Entries which cannot be entered in any of the subsidiary books are entered in ________.
  10. When a customer returns the goods, a ________ note is sent to him.
  11. When the goods are sent to a supplier, a ________ note is sent to him.
  12. Purchase – Day-Book is a part of ________.
  13. Closing entries are recorded in ________.
  14. In general, Cash Book shows ________ balance
  15. Petty cash is an ________.