On which side is increase of liability posted?
Debit
Credit
Expenditure
Income
Decrease of capital is posted in
Credit side
Expenditure side
Income side
Debit side
How many sides does an account has?
Two
Three
One
None of these
On which side is decrease of liability posted?
Voucher is prepared from:
Documentary evidence
Journal entry
Ledger account
All of the above
Find the correct statement:
Credit a decrease in assets
Credit the increase in expenses
Debit the increase in revenue
Credit the increase in capital
On which side is decrease of assets posted?
Which is the book of original entry?
Journal
Cashbook
Purchase book
Sales book
Increase of revenue is posted on the:
When the number of accounts to be debited or credited is more than one, entry made for recording the transaction is called _________.
Compound Journal entry
Narration
