________ is the common base for preparing a trial balance?

Related Mcqs:

If debit balance is greater than creadit balance then the account blance will be__________?

A. Credit balance B. Debit and credit balance C. Cash balance D. Debit balance...

The normal balance of capital account is_____________?

A. Credit balance B. Debit balance C. Cash balance D. Neither debit nor credit balance...

The normal balance of liability account is____________?

A. Debit balance B. Credit balance C. Cash balance D. Neither debit nor credit balance...

Which of the following statements is incorrect regarding capital account?

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...

Posting is the process of____________?

A. Posting the letters in drop box B. Posting suitable person to a suitable job C. Entering in the ledger the information contained in the ledger D. All the three...