Accounting Online Quizzes Subject Knowledge

Accounting Quiz 10

Written by Muhammad Arslan

The normal balance of asset account is____________?

The normal balance of liability account is____________?

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

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

Which of the following statements is incorrect regarding capital account?

The normal balance of capital account is_____________?

If debit balance is greater than credit balance then the account balance will be__________?

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

_________ will be credited if goods are given as charity?

Which of the following is known as the base for preparing trial balance?

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