1. What is a source document?
  2. What is an “Invoice”?
  3. What is a “Cash Memo”?
  4. What is a “Receipt”?
  5. What is a “Pay-in-slip”?
  6. What is a “Debit-note”?
  7. What is a “Credit-note”?
  8. What do you mean by “subsidiary books”?
  9. What is a trade discount?
  10. What is cash discount?
  11. What is a “Purchase Book”?
  12. What is a “Sales Book”?
  13. What is a “Purchase Returns Book”?
  14. What is a “Sales Returns Book”?
  15. Define a “Bill of Exchange”.
  16. What do you mean by endorsement of bill?
  17. Explain “Returning” of a bill.
  18. How can a bill of exchange be renewed?
  19. What is Journal Proper?
  20. Give four examples that appear in Journal Proper.
  21. What do you mean by an “Opening Entry”?
  22. Write a note on “Closing Entries”.
  23. Name the parties involved in a Bill of Exchange.
  24. What is a Cash book?
  25. What are the various kinds of Cash Book?
  26. What do you mean by Double Column Cash Book?
  27. What are the contents of Triple Column Cash Book?
  28. What is an “Imprest System”?
  29. Explain: “Contra Entry”.
  30. What are the advantages of Petty Cash Book?
  31. Distinguish between trade discount and cash discount.