Objective of Meaning and Fundamentals of Double Entry Book-KeepingAnswer in one sentence only.Write one word / term or phrase which can substitute each of the following statement.Select the most appropriate alternatives from those given below and rewrite the statements.State whether the following statements are True or False with reasons.Fill in the blanks.Classify the following accounts under the types of Personal, Real and Nominal account.Complete the following Accounting equation table.Give necessary transactions for the following effect of increase and decrease in Assets, Capital and Liabilities.