Whatis a list of all account balances?
Balance sheet
Trading account
Financial statement
Trail balance
Increase of capital posted in the:
Expenditure side
Income side
Debit side
Credit side
A purchase of machine for cash should be debited to:
Cash account
Machine account
Purchase account
Assets
Voucher is prepared for:
Cash received and paid
Cash/credit sales
Cash/credit purchase
All of the above
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 is the books of original entry?
Journal
Cashbook
Purchase book
Sales book
In which book, transactions are recorded in the chronological order?
Ledger
None of these
Which side posting of expenses increases expenses?
Debit
Credit
Income
Expenditure
Decrease of capital is posted in the:
How many sides does an account have?
Two
Three
One
Four
