Which side posting of assets decreases assets?
Debit
Credit
Expenditure
Income
In which book, transactions are recorded in the chronological order?
Journal
Ledger
Balance sheet
None of these
Which is the books of original entry?
Cashbook
Purchase book
Sales book
Voucher is prepared from:
Documentary evidence
Journal entry
Ledger account
All of the above
Which of the following is correct?
Liabilities = Assets + capital
Assets = Liability - capital
Capital = assets - liabilities
Capital = assets + liabilities
Whatis a list of all account balances?
Trading account
Financial statement
Trail balance
Which side posting of liability decreases Liability?
Which side posting of liability results in an increase in liability?
Find the correct statement:
Credit an increase in assets
Credit an increase in expenses
Debit an increase in revenue
Credit an increase in capital
Which side posting of revenue results in decrease of revenue?
