Which of the following account will have credit balance?

Related MCQs

• Which of the following account will have credit balance?
• In case credit balance , the words ………….. are written on the credit side.
• Which balance is not considered for closing entries on t he basis of trial balance for transferring to Trading and Profit & Loss Account?
• All of the following have debit balance except one. That account is ………
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
• When credit balance as per pass book is the starting point of a Bank Reconciliation Statement then bank charges are
• Difference of totals of both debit and credit side of the trial balance is transferred to:
• M/s. A.B. Enterprises has bank balance 8,800 as per cash book and the followings were found: (a) Three cheques deposited in bank for 5,800 but only one cheque for 2,000 was cleared. (b) Dividend collected by Bank 1,250 was wrongly entered in cash book as 1,520. What is balance as per pass book?
• Select correct journal entry to rectify an error “An amount of 10,000, withdrawn by owner for personal use debited to Trade Expenses Account”. Debit Credit
• If two or more transactions of the same nature are journalize together having either the debit or credit account common is known as: