Fill in the blanks :

(i) Wages A/c balance transferred to ____________ A/c.

(ii) Discount allowed shows ____________ Balance.

(iii) Dividend received shows ___________ Balance.

(iv) Ledger is the ____________ book of Accounts.

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1 Answers

(i) Profit and Loss

(ii) Debit

(iii) Credit

(iv) Principal

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