Which of the following is NOT an essential part of a Journal?

1.In which method is an equal amount of money debited as depreciation every year?

2.Which entry is required to close revenue/nominal accounts?

3.What is the Cost of Goods Sold for Sun Traders?

4.In the Trial Balance of Meghna Traders, 10 $months^{\prime} salary is given as 15,000$ Tk. What is the outstanding salary for the year?

5.Reasons for the difference between the balances of the Cash Book and Bank Statement__ i. Issued check not presented $\to the bank$ ii. Direct collecting by the bank iii. Deposited check not collected by the bank Which one is correct?

6.According to which accounting concept are adjusting entries given?

7.Which accounting principle is followed in the valuation of inventory?

8.The expanded form of the accounting equation is¾

9.From which word did the word '$Journal^{\prime}$ originate?

10.When should (C) [contra] be written in the Cash Book?

11.What is the cost price of the closing stock?

12.The main objectives of accounting are__ i. $\to provide financial information$ ii. $\to maintain permanent records of transactions$ iii. $\to determine correct financial results Which one is$ correct?