_________ will be credited if goods are given as charity?
A. Cash
B. Charity
C. Purchases
D. Sales
If debit side of a bank account is greater than credit side it indicates which of the following?
If debit side of a bank account is greater than credit side it indicates which of the following?
A. Cash at bank
B. Bank understatement
C. Bank overdraft
D. Balance overstatement
Till now, How many Pakistani Prime Ministers completed their tenure of 5 Years ?
Till now, How many Pakistani Prime Ministers completed their tenure of 5 Years ?
A. 1
B. 3
C. 5
D. None
Which Island has been designated as Pakistan’s first-ever Marine Protected Area?
Which Island has been designated as Pakistan’s first-ever Marine Protected Area?
A. Churna Island
B. Astola Island
C. Mana Island
D. Bundal Island
If credit side of a bank account is greater than the debit side, it indicates which of the following?
If credit side of a bank account is greater than the debit side, it indicates which of the following?
A. Bank overdraft
B. Cash at bank
C. Bank balance
D. Current Asset
An account records the ___________ in the balance of an item?
An account records the ___________ in the balance of an item?
A. Increase
B. Decrease
C. Increase or decrease
D. Appreciation
Transferring entries from journal to ledger account is commonly known as____________?
Transferring entries from journal to ledger account is commonly known as____________?
A. Recording
B. Transferring
C. Posting
D. Entry making
Which of the following accounts can be classified as a real account?
Which of the following accounts can be classified as a real account?
A. Rent expenses account
B. Rent income account
C. insurance expenses account
D. Cash account
Identify the nominal account
Identify the nominal account
A. Machinery account
B. Building account
C. Creditors account
D. Rent expenses account
Double entry implies that
Double entry implies that
A. Recording entries in journal
B. Recording entries in Ledger account
C. Recording two aspects of every transaction
D. Recording every transaction in books