A statement of debt & credit balance of account is ___________
A) Ledger
B) Profit & loss account
C) Trial balanc
Correct Answer:
Verified
Q82: Journal is a book of _entry
A)Original
B)Secondary
C)None of
Q83: Ledger is a book of _entry
A)Original
B)Secondary
C)None of
Q84: Capital account is _ account
A)Personal
B)Real
C)Nomina
Q85: Old furniture sold should be credited to
Q86: When salary paid by cheque ,_account is
Q88: A collection of all accounts is a
Q89: Debit is the asset means
A)Increase
B)Decrease
C)No charg
Q90: Credit in the liability means
A)Increase
B)Decrease
C)No charg
Q91: Capital always have a _balance
A)Debit
B)Credit
C)Either a or
Q92: A short description of every transaction made
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