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Nature of Accou...

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  • Question 1
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    Which of the following is true when a debtor pays his dues?

  • Question 2
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    In the particulars account, the name of the account to be credited is entered at ___________ place with a prefix 'To'.

  • Question 3
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    The process of recording transaction in different journals is called _______.

  • Question 4
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    Location of the debit column is ____________.

  • Question 5
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    Journalizing is ___________.

  • Question 6
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    A chronological record of transaction may be found in _______.

  • Question 7
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    Which does not appear in a purchases ledger control account?

  • Question 8
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    A Company makes a purchase on 10th may, some office equipment. The correct journal entry will be Debit                                           Credit
    1. Office equipment                 Supplies
    2. Purchases                          Office equipment
    3. Accounts payable              Office equipments
    4. Office equipment               Accounts payable

  • Question 9
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    The data and month of the first entry are written ___________.

  • Question 10
    1 / -0

    Of the following account types, which would be increased by a debit?

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