MCQ 11 MarkFrom the following normally, which account has credit balance?ASalesBSales-returnsCMachineryDBad-debtView full question & answer→
MCQ 21 MarkFrom the following normally, which account has debit balance?ACapitalBProvident fundCCreditorsDBuildingView full question & answer→
MCQ 31 MarkWhich accounts are included in sales ledger?ADebtorsBCreditorsCCash salesDSales of assetsView full question & answer→
MCQ 41 MarkWhich accounts are included in purchase ledger?ACash purchasesBDebtorsCAsset purchasesDCreditorsView full question & answer→
MCQ 51 MarkWhat is the full name of $\text{L.F.}?$ALast folio numberBLast page folio✓Ledger folioDLedger first numberAnswerCorrect option: C. Ledger folioLedger folioView full question & answer→
MCQ 71 MarkWhich is called a main book in double entry accounting system?AJournalBSubsidiary bookCLedgerDCashbookView full question & answer→
MCQ 81 MarkHow to show opening balance in the particulars column of ledger?ABalance brought forwardBBalance carried forwardCDifference of balanceDDifference of amountView full question & answer→
MCQ 91 MarkMachinery is which type of assets and which balance it has?AIntangible-creditBTangible-creditCTangible-debitDIntangible-debitView full question & answer→
MCQ 101 MarkNormally, what is the balance of liabilities?ACredit balanceBDebit balanceCCredit or debit balanceDCompensate account $($squared up account$)$View full question & answer→