11th Principles of Accounting MCQS
The book use to record all credit purchases is called:
Cash book
Creditor book
Purchases book
Purchase return book
A table lost by fire should be debited to
Table a/c
Loss by Fire a/c
Furniture a/c
Purchases a/c
Salary outstanding account relevant to:
Nominal accounts
Representative personal account
Artificial person’s account
Natural persons account
Bill receivable account is a:
Expenses account
Real account
Personal account
Nominal account
If the total of the credit side of an account exceeds that of debit side of the same account, it is called
Zero Balance
Debit Balance
Balancing
Credit Balance
A transaction is recorded on the same days as its takes place, so journal is also called:
A day book
An entry book
A history book
Ledger book
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