Double entry & Types of accounts

All of the following are classes of accounts EXCEPT

• Nominal

• Personal

• Impersonal

• Real

Cash withdrawal for personal use should be recorded as

• Dr Drawings Cr Cash

• Dr Cash Cr Drawings

• Dr Withdrawals Cr Cash

• Dr Cash Cr withdrawals

All of the following are expenses except

• Carriage Inwards

• Rent

• Discount Allowed

• Discount Received

What are the double entries to record the investment of cash into a business?

• Dr Capital Cr Cash

• Dr Cash Cr Capital

• Dr Cash Cr Bank

• Dr Cash Cr Investment

Which of the following is a real account?

• Capital

• Purchases

• Furniture

• Bank

Which statement is Correct?

• debit entries always increase an account

• credit entries always decrease an account

• debit entries always increase asset accounts

• credit entries always increase asset accounts

Double entries to record 'purchase motor van for cash'

• Dr Purchases Cr Cash

• Dr Motor van Cr Purchases

• Dr Motor van Cr Cash

• Dr Cash Cr Purchases

Which of the following is a nominal account?

• Building

• B Adam

• Rent expense

• Bank

Which of the following would increase cash?

• Paid salaries by cash

• Cash purchases

• Cash sales

• Paid electricity by cash

Debtors account would be found

• Cashbook

• General ledger

• Sales ledger

• Purchases ledger