A. Nominal accounts
B. Balance sheet accounts
C. Real accounts
D. None of them
A. Office equipment
B. Rent expenses
C. Rent income
D. Insurance expense
A. General journal
B. Real accounts
C. Ledger accounts
D. Cash accounts
Office equipments account is classified as _________ account?
A. Nominal
B. Real
C. Cash
D. Capital
A. Nominal
B. Real
C. Cash
D. Capital
A. Expenses
B. Revenues
C. Capital
D. Drawing
A. Nominal accounts
B. Real account
C. Cash accounts
D. Banks account
A. Credit balance
B. Cash balance
C. Overdraft
D. Debit 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. Debit balance
B. Credit balance
C. Cash balance
D. Neither debit nor credit balance