Accounting

Royalty Account is a

• Nominal Account

• Real Account

• Personal Account

Building is a

• Real Account

• Personal Account

• Nominal Account

Plant and Machinery is a

• Real account

• Nominal Account

• Personal Account

Asset always have

• Debit Balance

• Credit Balance

Liabilities always have

• Debit Balance

• Credit Balance

Bank Overdraft has

• Debit Balance

• Credit Balance

Debtors have

• Debit Balance

• Credit Balance

Accounting is the language of business

• True

• False

• May Be

Furniture purchases will be debited to which account

• Furniture Account

• Cash Account

• Goods Account

• Capital Account

Goods purchased for cash will be debited to

• Cash Account

• Purchase Account

• Capital Account

• Bank Account