Debited in cash book
Credited in the cash book
Double entry in the cash book
Credited in the bank book
Correct answer is A
No explanation has been provided for this answer.
i, ii, iii and iv
ii, iii, i and iv
iii, i, ii and iv
iv, iii, ii and iv
Correct answer is C
No explanation has been provided for this answer.
A liability or an expense
An expenditure or an income
An asset or an expense
An income
Correct answer is B
No explanation has been provided for this answer.
The capital of a sole trader changes as a result of
Paying wages by cash
Equipment purchased by cheque
Drawing by cheque
Purchase on credit
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a characteristic of trial balance?
It has columns for debit and credit balances
Total of debit balance equals total of credit balance
It is a statement
It is an account
Correct answer is D
No explanation has been provided for this answer.