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- Current asset
- Fictitious asset
- Tangible asset
- Fixed assets
- Working Capital
- Circulating capital
- Fixed capital
- Trading capital
- Error of omission
- Error of commission
- Compensating error
- Error of principle
- No error in recording transactions
- No error in posting entries to ledger accounts
- Account balances are correct
- Mathematically Capital
- Purchase Journal
- Sales return journal
- General journal
- Cash receipt journal
- Identifying an economic event or transaction
- Preparing Journal
- Posting entries to Ledger accounts
- Making decisions about business
- Debit increases the capital account balance
- Credit increases the capital account balance
- Fresh capital increases the capital account balance
- Net income increases the capital account balance
- Masood’s account
- Cash account
- Cash account and Gagan’s account
- None of these
- Credit purchase of fixed assets
- Return of goods
- All such transactions for which no special journal has been kept by the business
- None of these
- Net Profit will decrease by 3,140
- Gross Profit will increase by 3,320
- Gross Profit will decrease by 3,500
- Gross Profit will decrease by 3,320
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