Practice mode / Ledger Which of the following is the normal balance of a rent expense account? A Option A: Credit balance B Option B: Cash balance C Option C: Overdraft D Option D: Debit balance Correct answer D. Debit balance Show answer
Question 01 / Ledger Revenue and expense accounts are referred as? A Option A: Nominal accounts B Option B: Real account C Option C: Cash accounts D Option D: Banks account Correct answer A. Nominal accounts Show answer Open question
Question 02 / Ledger The real accounts are accounts of Assets, liabilities and? A Option A: Expenses B Option B: Revenues C Option C: Capital D Option D: Drawing Correct answer C. Capital Show answer Open question
Question 03 / Ledger Building account is classified as ____ account? A Option A: Nominal B Option B: Real C Option C: Cash D Option D: Capital Correct answer B. Real Show answer Open question
Question 04 / Ledger ____ helps business to classify transactions according to their nature? A Option A: General journal B Option B: Real accounts C Option C: Ledger accounts D Option D: Cash accounts Correct answer C. Ledger accounts Show answer Open question
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