Opening entries are generally passed through-
A) General Journal .
B) Purchase Journal .
C) Profit and Loss A/c .
D) Suspense A/c
Correct Answer:
Verified
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
Q12: Purchases made on credit not recorded at
Q13: Which of the following is the example
Q14: Which of the following is not a
Q15: In an account if debit side >
Q16: Total depreciation of an asset cannot exceed
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