Self Studies

Nature of Accou...

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  • Question 1
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    Nominal accounts are related to ___________.

  • Question 2
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    Journal is book of _____________.

  • Question 3
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    Which of the following accounts will have a debit balance?

  • Question 4
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    Which pair of accounts stated will have balances on opposite sides?

  • Question 5
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    Debit may signify _______________.

  • Question 6
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    Credits may signify _________________.

  • Question 7
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    _______ is a book in which all the business transactions are originally recorded in chronological order and from which they are posted to the ledger accounts at any convenient time.

  • Question 8
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    Journal is the book of _______ in which every transaction is recorded before being posted into the ledger.

  • Question 9
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    The owner of B & Co. paid in additional capital amounting to Rs. $$50,000$$ in cash. As a result of this.

  • Question 10
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    The rule for personal accounts is _____________.

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