Rules of debit and credit -1

Drawing account is a

• Personal account

• Real account

• Nominal account

• None of these

Which of the following account has a credit balance

• Carriage inward

• Carriage outward

• Discount received

• Discount allowed

An increase in which of the following account it will be recorded on the debit side?

• Building account

• Capital account

• Bills payable account

• Rent received account

Sale of goods to ram for cash is debited to

• Ram account

• Cash account

• Sales account

• None of these

Debit the receiver, credit the (a)   Is the rule for personal account

Goodwill account is a (a)   Account.

Capital account is a a

• Natural personal account

• Artificial personal account

• Representative personal account

• None of these

Debit what comes in and credit what goes out is the rule of (a)   account.

Sundry creditors account is a ........

• Revenue account

• Capital account

• Liability account

• None of these

An decrease in which of the following account will be recorded on the the debit side?

• Purchases account

• Bills receivable account

• Patents account

• Bills payable account