All of the following have debit balance except:

Related MCQs

• All of the following have debit balance except one. That account is ………
• In case of debit balance , the words …………. are written on the debit side.
• When preparing a bank reconciliation statement, if you start with debit balance as per cash book cheques sent to bank but not collected should be
• Difference of totals of both debit and credit side of the trial balance is transferred to:
• ……………………… will generally show a debit balance.
• Which balance is not considered for closing entries on t he basis of trial balance for transferring to Trading and Profit & Loss Account?
• 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?
• A debit note issued to a creditor for goods returned is to be recorded in the
• If X co-venture takes away of goods under memorandum Joint Venture Method then he will debit these goods in his books to
• Select correct journal entry to rectify an error “An amount of 10,000, withdrawn by owner for personal use debited to Trade Expenses Account”.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