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Nature of Accou...

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  • Question 1
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    In which of the following order, data is entered into the Journal?

  • Question 2
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    The books to be compulsorily maintained by a company are ______________.

  • Question 3
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    Which of the following transactions will result in decrease in assets and decrease in liabilities?

  • Question 4
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    The debit balance of a personal account shows the ______________.

  • Question 5
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    Which of the following accounts is increased by debit entries?

  • Question 6
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    Which of the following transactions results in increase in shareholders' equity and decrease in liabilities?

  • Question 7
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    Debit - all expenses and losses 

    Credit - all gains and income is the rule for_______________.

  • Question 8
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    While preparing the annual financial statements, the balance of rent account should be treated as the balance of a __________.

  • Question 9
    1 / -0

    Which of the followings is not a book of original entry?

  • Question 10
    1 / -0

    To determine the details of a specific transaction, one should refer to ____________.

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