A book wherein various accounts are opened is called____________?

Related Mcqs:

An account records the ___________ in the balance of an item?

A. Increase B. Decrease C. Increase or decrease D. Appreciation...

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...

Which of the following is a real account?

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

Which of the following accounts are closed at the end of an accounting period?

A. Nominal accounts B. Balance sheet accounts C. Real accounts D. None of them...

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...