Which side posting of revenue results in decrease of revenue?
Debit
Credit
Income
Expenditure
Which side posting of assets decreases assets?
Which side posting of liability results in an increase in liability?
Whatis a list of all account balances?
Balance sheet
Trading account
Financial statement
Trail balance
Which side posting of liability decreases Liability?
Increase of revenue is posted in the:
Expenditure side
Income side
Debit side
Credit side
Recording of transaction in the journal is called:
Casting
Journalising
Posting
Recording
Which side of posting assets increases assets?
Liability
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