Which of the following accounts will be credited if a company purchases building for cash?

Related Mcqs:

Sales and purchase journal don’t record__________?

A. Credit sales B. Credit purchases C. Credit sales and purchases D. Cash sales and purchases...

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

A. Journal entry B. Multi entry C. Additional entry D. Compound entry...

Which of these is a Part of cash in hand?

A. Postage stamps B. B/R C. Cheque Deposited with Bank D. B/R endorsed...

Which of the following statements is correct about Depreciation?

A. Depreciation cannot be provided in case of loss in a financial year B. Depreciation is a charge against profit C. Depreciation is provided in the books only when there is profit D. Depreciation is an appropriation of profit...

Insurance prepaid is shown as:___________?

A. Current Asset B. Current Liability C. Fixed Asset D. Income...