Accounting Online Quizzes Subject Knowledge

Accounting Quiz 10

Written by Muhammad Arslan

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

The normal balance of liability account is____________?

The normal balance of capital account is_____________?

_________ will be credited if goods are given as charity?

The normal balance of asset account is____________?

Which of the following statements is incorrect regarding capital account?

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

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?

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

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