Interest Account will have-
A) Debit balance only .
B) Credit balance only .
C) Debit or Credit balance .
D) No balance at all
Correct Answer:
Verified
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
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
Q12: Purchases made on credit not recorded at
Q13: Which of the following is the example
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