Download App

P1 C2 FINAL ACCOUNTS OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C2 FINAL ACCOUNTS OF PARTNERSHIP1 Mark
MCQ
Which balance is represented by bank overdraft?
  • A
    Debit balance
  • ✓
    Credit balance
  • C
    Debit and Credit
  • D
    None of the above
✓

Answer

Correct option: B.
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 "MCQ" from P1 C2 FINAL ACCOUNTS OF PARTNERSHIP→P1 C2 FINAL ACCOUNTS OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

How many methods are there for dissolution of a partnership firm?
→
Which debentures are like currency ?
→
Which type of debentures can be converted into shares?
→
For the financial year, if partner withdraws $Rs. 1,500$ in the beginning of every month from month of August, then interest $@12\%$ p.a. will be$.......$
→
What is the maximum limit of number of partners as per Rule $10$ of the Companies $($miscellaneous$)$ Rules $2014?$
→
Profit or loss amount of revaluation account will be distributed among the partners in$.......$
→
State maximum member of applicants for share application.
→
$..........$ is not a reason for new partner's admission in continuing partnership firm.
→
What is joint life insurance policy for business unit?
→
On which debenture, the interest coupons are attached with debenture certificate ?
→