A. Increase
B. Decrease
C. Increase or decrease
D. Appreciation
An account records the ___________ in the balance of an item? Read More »
Accounting MCQs / Q&A, Ledger A. Recording
B. Transferring
C. Posting
D. Entry making
Transferring entries from journal to ledger account is commonly known as____________? Read More »
Accounting MCQs / Q&A, Ledger A. Ledger accounts
B. General Journal
C. Specialized journals
D. Balance sheet
________ is the common base for preparing a trial balance? Read More »
Accounting MCQs / Q&A, Ledger A. Ledger accounts balances
B. Balance sheet balances
C. Income statement balances
D. Cash flow statement balances
Trial balance is prepared to check accuracy of_______________? Read More »
Accounting MCQs / Q&A, Ledger