Cash paid to Nadeem will affect: (2015)
Journal, Ledger and Trial Balance

Quiz
•
Business
•
11th Grade - University
•
Medium
Sir. Tanveer
Used 168+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash and Owner's Equity
Cash and Creditor
Cash and Debtor
Cash and Goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"T" account is the simplest form of a: (2015)
Journal
Ledger
Trial balance
Final account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit the increase in: (2015)
Assets, Expenses
Assets, Capital and Liabilities
Revenue, Capital and Liabilities
Expenses, Capital and Liabilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business transaction affects: (2015)
At least one account
At least two accounts
Maximum two accounts
Maximum three accounts
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the two sides of an account are equal then account will show: (2015)
Debit balance
Zero balance
Credit balance
Debit, Credit balance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Left hand side of an account is called: (2015)
Debit side
Credit side
Both A and B
None of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discount allowed to Pirbhat will be credited to: (2016)
Pirbhat's account
Cash account
Discount allowed account
None of these
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