Give a word, term, or phrase which can substitute each of the followin

1.	Give a word, term, or phrase which can substitute each of the following statements:(i) Reduction in the value of fixed assets due to its continuous use.(ii) Carriage paid on the purchase of goods.(iii) Statement of balances of various ledger accounts.(iv) An amount withdraws by a proprietor from a business in cash or kind.(v) Account prepared to find out gross profit or gross loss.
Answer» (i) Depreciation (ii) Carriage Inwards (iii) Trial Balance (iv) Drawings (v) Trading A/c

Give a word, term, or phrase which can substitute each of the following statements:(i) Reduction in the value of fixed assets due to its continuous use.(ii) Carriage paid on the purchase of goods.(iii) Statement of balances of various ledger accounts.(iv) An amount withdraws by a proprietor from a business in cash or kind.(v) Account prepared to find out gross profit or gross loss.

Answer»

(i) Depreciation

(ii) Carriage Inwards

(iii) Trial Balance

(iv) Drawings

(v) Trading A/c