Accounting - Study Mode
[#2581] Which of the following accounts is increased by debit entries?
Correct Answer
(A) Machinery account
[#2582] Sales A/c Dr To Trading A/c Is an example of . . . . . . . .
Correct Answer
(A) closing entry
[#2583] Bills Payable book is to keep a record of . . . . . . . .
Correct Answer
(A) bills payable to creditors
[#2584] Which of the following does not represent application of fund of a company?
Correct Answer
(C) debentures
[#2585] The basic function of financial accounting is to:
Correct Answer
(A) record all business transactions