Accounting Online Quizzes Subject Knowledge

Accounting Quiz 10

Written by Muhammad Arslan

Which of the following statements is incorrect regarding capital account?

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

The normal balance of asset account is____________?

_________ will be credited if goods are given as charity?

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

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

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

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

The normal balance of capital account is_____________?

The normal balance of liability account is____________?

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