Give a word/term or phrase for each of the following statements:

(i) Type of bank account in which money is deposited for a fixed period of time.

(ii) A written order is issued by the account holder to the bank to pay a certain amount from his account.

(iii) A cheque on which two parallel transverse lines are drawn on its face at the left-hand top corner with or without certain words.

(iv) A person who endorses the cheque.

(v) A person in whose favour the cheque is endorsed.

Give a word/term or phrase for each of the following statement:

i. A person who maintains Petty Cash Book.

ii. A bank account which the businessman prefers to open.

iii. Petty Cash Book in which the payment side is ruled in suitable columns.

iv. Subsidiary book in which only credit purchases of goods are recorded.

v. Subsidiary book in which return of goods sold on credit is recorded.

Give a word/term or phrase for each of the following statements:

(i) Source document on the basis of which Sales Return Book is prepared.

(ii) Accounting entries passed in the journal proper in the beginning of the financial year.

(iii) Accounting entries are passed in the journal proper at the end of the financial year.

(iv) Bank’s refusal to pay the amount of cheque to the payee.

(v) Book in which small payments are recorded.

Give a word/term or phrase for each of the following statement:

i. The entry is recorded on both sides of the cash book.

ii. Name the account which encourages personal savings.

iii. A note was issued by the buyer to the seller giving full details of goods returned.

iv. A note was issued by the seller on receipt of defective goods from the customer.

v. Name the bank account on which overdraft facility is given to the Account holder.

Give a word/term or phrase for each of the following statements:

(i) Signing on the backside of the cheque to transfer its ownership.

(ii) An extract of customer’s account maintained by the bank.

(iii) A type of cheque whose payment is done across the counter of the bank.

(iv) Bank on whom a cheque is drawn.

(v) Document used for depositing cash or cheque into the bank.

Give a word/term or phrase for each of the following statements:

(i) Subsidiary book in which only credit sale of goods is recorded.

(ii) Subsidiary book in which return of goods purchased on credit is recorded.

(iii) Source document on the basis of which Purchase Book is prepared.

(iv) Source document on the basis of which Sales Book is prepared.

(v) Source document on the basis of which Purchase Return Book is prepared.