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The normal balance of liability account is ______ ?
A. Cash balance
B. Neither debit nor credit balance
C. Credit balance
D. Debit balanceNormal balance of asset account is ______ ?
A. Debit balance
B. Neither debit nor credit balance
C. Credit balance
D. Cash balanceNormal balance of capital account is ______ ?
A. Neither debit nor credit balance
B. Credit balance
C. Debit balance
D. Cash balanceIf debit balance is greater than creadit balance then the account blance will be _____ ?
A. Cash balance
B. Debit balance
C. Credit balance
D. Debit and credit balanceWhich of the following is known as the base for preparing trial balance ?
A. Ledger account
B. Balance sheet
C. Cash account
D. Journal_____ will be credited if goods are given as charity ?
A. Sales
B. Purchases
C. Charity
D. CashIf credit side of a bank account is greater than the debit side, it indicates which of the following ?
A. Bank balance
B. Current Asset
C. Bank overdraft
D. Cash at bankAn account records the _____ in the balance of an item ?
A. Decrease
B. Appreciation
C. Increase
D. Increase or decreaseTransferring entries from journal to ledger account is commonly known as _____ ?
A. Posting
B. Entry making
C. Recording
D. TransferringWhich of the following accounts can be classified as a real account ?
A. insurance expenses account
B. Cash account
C. Rent expenses account
D. Rent income account