Accounting MCQs

A. cash
B. charity
C. purchases
D. sales

A. journal
B. cash account
C. ledger account
D. balance sheet

A. credit balance
B. debit and credit balance
C. cash balance
D. debit balance

A. Credit balance
B. Debit balance
C. Cash balance
D. Neither debit nor credit balance

A. credit balance
B. debit balance
C. cash balance
D. neither debit nor credit balance

A. Debit balance
B. Credit balance
C. Cash balance
D. Neither debit nor credit balance

A. Debit increases the capital account balance
B. Credit increases the capital account balance
C. Fresh capital increases the capital account balance
D. Net income increases the capital account balance

A. credit balance
B. cash balance
C. overdraft
D. debit balance

A. Nominal accounts
B. Real account
C. Cash accounts
D. Banks account

A. expenses
B. revenues
C. capital
D. drawing