Accounting Mcqs

Q.  Which of the following is the normal balance of a rent expense account?

a. Credit balance
b. Cash balance
c. Overdraft
d. Debit balance


ANSWER: See Answer
 
No explanation is available for this question!
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  Fresh capital introduction will increase____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Cash received for services rendered will______________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of following best describes the increase in equity expands___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Depreciation decreases____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  An increase in provision for bad debt will____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Current assets – Current liabilities=?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Assets-Liabilities=____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The process of recording is done?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  General journal is a book of _______ entries?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The process of recording transactions in different journals is called_________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Every business transaction affects at least ________ accounts?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Discount allowed is a kind of deduction from_____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The other name of journal is____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A journal entry in which two or more account is debited or credited is referred as____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  he term 2/10-n/30 implies that ______ % discount will be given if the payment is made within days or full amount is receivable within 30 days?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Goods returned by customer should be debited to which of the following accounts?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Discount allowed is___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _________ is the evidence that a transaction took place?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following will be debited if a business purchases goods on credit?
Category: MBA Questions,   Published by: T-Code Scripts