A journal entry in which two or more account is debited or credited is referred as____________?

Related Mcqs:

In accounting an Economic event is referred to as:

A. Cash B. Bank statement C. Transaction D. Exchange of money...

Fresh capital introduction will increase____________?

A. Assets and liabilities B. Assets and equity C. Liabilities and equity and bank balance D. Capital and liabilities...

Prepaid expenses are valued on the Balance Sheet at

A. Replacement cost B. Current cost C. Cost to acquire less accumulated amortization D. Cost less expired portion...

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission

A. 6441 B. 5431 C. 7150 D. 5876...

Which of these are not required in a promissory note?

A. Acceptance B. Unconditional promise to pay C. Properly stamped D. Payment to be made legal currency...