Recording of Tr...

Which of the following is not an assets

Accounting equation may effect

The final balance of purchase book is debited to :

Which document evidencing that the account of the named person is debited for the reason stated therein

Which voucher is prepared for the payment of salary, purchase of goods, payment made to any creditor etc.

If the business's owner withdraws cash for his/her personal use what will be the effect on capital?

In which book credit sales of goods are recorded

An increase in provision for bad debt will 

Accounting equation is based on

Document which records a transactions that entails multiple debit/credits and credit/debit is

Credit note is a document evidencing that the

Rule of Debit and Credit for Impersonal account is

Which of the following item is not concerned with credit voucher?

Capital of a business decreases if there is an increase in 

Example of an assets is

Source of documents are

Which of the following is not a type of personal account?

Match the followings options are as follows:

a. Assets

b. Liabilities

c. Revenue

d. Expenses

e. Capital

i. Equity Shares

ii.Purchase, Salary paid

iii. Sale, commission received

iv. Trade Payables, short term loans

v. Cash, Debtor, furniture

Collection of account receivable will 

Which of the following is a liability

The accounting equation should remain in balance because every transaction affects how many accounts?

If the total liabilities of a business decrease by Rs.5000 what will be the effect on total asset? (assuming the amount of capital remain same) 

Which of the following statement is correct

Capital increases if ______ increases 

The periodic total of purchases return journal is posted to :