1.
Which of the following is not a transaction?

2.
A promissory note is drawn by ______ in favor of _____

3.
____ principle requires that the same accounting method should be used from one accounting period to the next

4.
The left side of an account is known as ___ and the right side as ____

5.
The cost of a small calculator is treated as an expense and not shown as an asset in a financial statement of a business entity due to

6.
A minimum quantity of stock always held as precaution against out of stock situation is called

7.
Discounting of bill by the drawer is done with

8.
A bill of exchange when drawn requires

9.
A bill of exchange is called a ____ by one who is liable to pay it on the due date

10.
___ days of grace are allowed in case of time bills, for calculating date of maturity