Practice mode / Ledger If credit side of a bank account is greater than the debit side, it indicates which of the following? A Option A: Bank overdraft B Option B: Cash at bank C Option C: Bank balance D Option D: Current Asset Correct answer A. Bank overdraft Show answer
Question 01 / Ledger If debit side of a bank account is greater than credit side it indicates which of the following? A Option A: Cash at bank B Option B: Bank understatement C Option C: Bank overdraft D Option D: Balance overstatement Correct answer A. Cash at bank Show answer Open question
Question 02 / Ledger ____ will be credited if goods are given as charity? A Option A: Cash B Option B: Charity C Option C: Purchases D Option D: Sales Correct answer C. Purchases Show answer Open question
Question 03 / Ledger Which of the following is known as the base for preparing trial balance? A Option A: Journal B Option B: Cash account C Option C: Ledger account D Option D: Balance sheet Correct answer C. Ledger account Show answer Open question
Question 04 / Ledger If debit balance is greater than creadit balance then the account blance will be? A Option A: Credit balance B Option B: Debit and credit balance C Option C: Cash balance D Option D: Debit balance Correct answer D. Debit balance Show answer Open question
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