If credit side of a bank account is greater than the debit side, it indicates which of the following?

Related Mcqs:

________ is the common base for preparing a trial balance?

A. Ledger accounts B. General Journal C. Specialized journals D. Balance sheet...

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

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

If debit side of a bank account is greater than credit side it indicates which of the following?

A. Cash at bank B. Bank understatement C. Bank overdraft D. Balance overstatement...

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...