Download App

P1 C10 Trial Balance — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C10 Trial Balance1 Mark
Question
Which balance does fire insurance premium and apprentice premium has?
✓

Answer

Fire insurance premium has a debit balance while apprentice premium has a credit balance.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer In One Or Two Sentence .(1 Marks)" from P1 C10 Trial Balance→P1 C10 Trial Balance — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What are the uses of pay-in slip book and cheque book?
→
What is disclosed Balance Sheet?
→
Which ‘Final Accounts’ do the Non- Trading Concerns prepare?
→
What is monetary economy?
→
What is economic transaction ?
→
What is Barter system ?
→
On the basis of which rule of accounts the trader's account is prepared by the bank?
→
Which balance is shown by expense account?
→
Which transactions are recorded in a bank reconciliation statement?
→
If the credit total of trial balance is more, what balance would the Suspense Account show?
→