The normal balance of asset account is____________?

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...

Revenue and expense accounts are referred as______________?

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

Which of the following statements is/are true ?

A. A sale of an asset is recorded in the Sales Book B. Total of Return Outward Book is debited to Return Outward Account C. The balance of Petty Cash Book is a liability D. Cash Book is a subsidiary book as well as a ledger...

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...