| Q. |
Which of the following is the normal balance of a rent expense account?
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| Q. |
Which of the following statements is incorrect regarding capital account?
A.
Debit increases the capital account balance
B.
Credit increases the capital account balance
C.
Fresh capital increases the capital account balance
D.
Net income increases the capital account balance
Answer :
Debit increases the capital account balance
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| Q. |
The normal balance of liability account is____________?
D.
Neither debit nor credit balance
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| Q. |
The normal balance of asset account is____________?
D.
Neither debit nor credit balance
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| Q. |
The normal balance of capital account is_____________?
D.
Neither debit nor credit balance
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| Q. |
If debit balance is greater than creadit balance then the account blance will be__________?
B.
Debit and credit balance
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| Q. |
Which of the following is known as the base for preparing trial balance?
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| Q. |
_________ will be credited if goods are given as charity?
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| Q. |
If debit side of a bank account is greater than credit side it indicates which of the following?
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| Q. |
If credit side of a bank account is greater than the debit side, it indicates which of the following?
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