Financial Accounting Fill in the blanks: Special donations are carried to the.of the balance sheet. Ans.

liabilities side (2) Any profit on the sale of a cricket bat of a club will be taken to. Ans. income and expenditure account (6) Cash paid to creditors can be calculated from.. Ans. creditors account (7) Under the net worth method of single entry the net profit is calculated by comparing capital in the beginning and capital. Ans: at the end (8) Credit sales is computed from....... Ans. total creditors account (9) Capital in the beginning is ascertained from . Ans. opening balance sheet. (10) Bills receivable endorsed but dishonoured is debited to Ans. debtors account (1)