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

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...

Transferring entries from journal to ledger account is commonly known as____________?

A. Recording B. Transferring C. Posting D. Entry making...

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 the normal balance of a rent expense account?

A. Credit balance B. Cash balance C. Overdraft D. Debit balance...

Revenue and expense accounts are referred as______________?

A. Nominal accounts B. Real account C. Cash accounts D. Banks account...