Revenue and expense accounts are referred as______________?

Related Mcqs:

Trial balance is prepared to check accuracy of_______________?

A. Ledger accounts balances B. Balance sheet balances C. Income statement balances D. Cash flow statement balances...

_________ will be credited if goods are given as charity?

A. Cash B. Charity C. Purchases D. Sales...

Which of the following is known as the base for preparing trial balance?

A. Journal B. Cash account C. Ledger account D. Balance sheet...

___________ helps business to classify transactions according to their nature?

A. General journal B. Real accounts C. Ledger accounts D. Cash accounts...

Which of the following is a real account?

A. Office equipment B. Rent expenses C. Rent income D. Insurance expense...