Accounting Quiz 10

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

Which of the following statements is incorrect regarding capital account?

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

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

_________ will be credited if goods are given as charity?

The normal balance of capital account is_____________?

The normal balance of asset account is____________?

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

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

The normal balance of liability account is____________?

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