Which of the following is a Nominal A/c ?

Related Mcqs:

Which of the following is a type of cash receipt journal + cash payment journal?

A. Bank statement B. Statement of cash flow C. Cash book D. Cash documents...

What is equity?

A. Cash from the business B. liability of a business C. Owner’s claim on total assets D. Owner’s claim on total liabilities...

If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?

A. Increase in capital B. Remain the same C. Decrease in capital D. No effect on capital...

The first step in accounting process is___________?

A. Recording the transaction B. Identifying the transaction C. Posting the transaction D. Preparing the source documents...

Which of the following should not be treated as revenue expenditure?

A. Interest on loans and debentures B. Annual fire insurance premiums on Plant and Equipment C. Sales tax paid in connection with the purchase of office equipment D. Small expenditures on long- lived assets, such as ` 20 for a paper weight....