Rend paid is an example of ____________ account.
Personal
Nominal
Real
None of these
Additional capital introduced results in
Increase in fixed assets, increase in liability
Decrease in cash, decrease in creditors
Increase in cash , increase in capital
Increase in fixed assets, decrease in cash
Double entry system is based on the principle that every transaction has ___________ fold aspects.
One
Two
Three
Four
_____________ accounts are those which are related to money's worth.
Which account represent a certain person?
Natural Personal account
Artificial Personal account
Representative Personal account
If cash Rs 5000 has been paid to Ram cash will have to be
Debited
Credited
Both a and b
None of the above
If the capital of a business is Rs. 3,00,000 and other liabilities are Rs. 2,00,000 calculate the total assets of the business.
Rs. 1,00,000
Rs. 3,00,000
Rs. 5,00,000
