WorksheetsRULES OF DEBIT & CREDIT
Total questions: 15
Worksheet time: 15mins
Drawing account is a
Personal account
Real account
Nominal 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
Outstanding expenses are classified as
Liability account
Asset account
Revenue account
Capital account
Sales account is a
Liability account
Capital account
Revenue account
None of these
Machinery is
Real account
Nominal
Personal
All of the above
(a) is a summarised record of transactions
prepaid insurance is a
asset
expense
revenue
income
bank account is a (a) account
salary is
expense
revenue
real
assets are held for the purpose of
earning revenue
resale
valuation
conversion
