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.Management Sciences
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
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...
- 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 is a real account?
- A. Office equipment B. Rent expenses C. Rent income D. Insurance expense...
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