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Accounting Mcqs — Test 11

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Question 1
Favorable balance of bank statement implies that
Question 2
Transferring entries from journal to ledger account is commonly known as____________?
Question 3
An account records the ___________ in the balance of an item?
Question 4
If credit side of a bank account is greater than the debit side, it indicates which of the following?
Question 5
If debit side of a bank account is greater than credit side it indicates which of the following?
Question 6
_________ will be credited if goods are given as charity?
Question 7
Which of the following is known as the base for preparing trial balance?
Question 8
If debit balance is greater than creadit balance then the account blance will be__________?
Question 9
The normal balance of capital account is_____________?
Question 10
The normal balance of asset account is____________?