How the debit side of journal effect?

Correct! Wrong!

In double entry system of book–keeping every business transaction affects?

Correct! Wrong!

Which of the following transactions results in an immediate increase in expenses?

Correct! Wrong!

The decrease in owner’s equity attributable to business activities is called?

Correct! Wrong!

The effect of a credit entry on the payables account is to?

Correct! Wrong!

The payment of cash to supplier will?

Correct! Wrong!

The amount of salary paid to Sohail should be debited to?

Correct! Wrong!

The amount charged to customer for goods or services sold is called?

Correct! Wrong!

A person who pays out something or to whom money owes is called?

Correct! Wrong!

A debit will reduce _____________________________, but increase ___________________________?

Correct! Wrong!

Accounting Variation Proforma (1-10)
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