Which of the following statements is incorrect regarding capital account?
Correct answer A. Debit increases the capital account balance
Tip: press A, B, C or D to answer, and N for the next question.
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More Ledger questions
See allWhich of the following is the normal balance of a rent expense account?
Correct answer D. Debit balance
Revenue and expense accounts are referred as?
Correct answer A. Nominal accounts
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The real accounts are accounts of Assets, liabilities and?
Correct answer C. Capital
Building account is classified as ____ account?
Correct answer B. Real
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