Entrep

2. Income, Expenses, Withdrawal are considered as

• Nominal Accounts

• Permanent Accounts

• Real Accounts

• T- Accounts

3. The normal balance of an Asset account is:

• Equation

• T- Account

• Debit side

• Credit Side

4. The following are accounts with credit balances except for:

• Capital

• Drawing

• Income

• Liabilities

5. Which amongst the following accounts that fall under the capital account except for:

• Assets

• Drawing

• Expenses

• Income

1. What do you call the left side of a T- account.

• Credit side

• Debit side

• Debere

• Credere