The type of A/c with a named credit balance is-
A) Expenses A/c .
B) Assets A/c .
C) Revenue A/c .
D) Suspense A/c
Correct Answer:
Verified
Q2: Overcasting of purchases journal would affect
A)Sales account
Q3: Any income or profit derived by carrying
Q4: Amount received from the proprietors as capital
Q5: When the benefits of revenue expenditure is
Q6: Endowment fund receipt is traded as-
A)Casual Receipt
Q7: Legacy are generally-
A)Capitalized .
B)Treated Loss .
C)Revenue Expenses
Q8: Interest Account will have-
A)Debit balance only .
B)Credit
Q9: Purchase A/c will have-
A)No balance at all
Q10: Which of the following voucher is used
Q11: Opening entries are generally passed through-
A)General Journal
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