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  • A statement showing particulars of the goods bought by a trader on credit is known as... #531
  • A... is used for recording all residual transactions which cannot find place in any of the subsidiary books. #532
  • When goods are taken back from or an allowance is granted to a customer, the note is known as... #533
  • The statement containing various ledger balances on a particular date is known as … #534
  • If the two sides of the trial balance tally, it is an indication of the fact that the books of account are … accurate #535
  • Gross profit is #536
  • Sales Journal records all … sale of goods #537
  • Business is said to be in a profit when #538
  • As per the accounting double-entry system, when expense increases, it is … #539
  • What does the term “credit” mean in business? #540
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