Write the word, term, phrase, which can substitute each of the statement:

i. Principal Book of accounts.

ii. Transferring a journal entry to the appropriate accounts in the Ledger.

iii. Page number of Ledger to which an entry is posted.

iv. The process of extracting the balance and inserting it on the lesser side of an account.

v. A debit balance to Personal Accounts.

vi. A credit balance to Bank Account.

vii. An account to be debited for goods damaged by fire.

viii. A Trial Balance in which only net balances of all ledger accounts are transferred.


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i. Ledger

ii. Posting

iii. Ledger folio

iv. Balancing

v. Debtor

vi. Bank overdraft

vii. Loss by fire

viii. Net Trial Balance

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