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WorksheetsreCAP XI
Total questions: 10
Worksheet time: 4mins
Sales Account is a
Revenue Account
Asset Account
Expense Account
Liability Account
An increase in which of the the following account will be recorded on the debit side?
Building Account
Capital Account
Creditor's Account
Rent Received Account
Current Assets do not include
Debtors
Motar Car
Bank Balance
Prepaid Expenses
A person who owes money to the firm is called
Debtor
Creditor
Supplier
None of these
Amount withdrawn by proprietor for personal use will_______ Cash and Capital
Increase
Decrease
Not change
None of these
Liabilities= 3,000; Capital= 7,000; Total Assets are___
7,000
10,000
4,000
None of these
If the goods are sold or supplied from Delhi to Gurugram, it is Inter-State supply
True
False
Increases in assets are debited and decreases in assets are credited.
True
False
Narration should not be written in a Journal
True
False
Left hand side of an account is called the debit side
True
False
