The amount charged to customer for goods or services sold is called?
Correct!
Wrong!
How the debit side of journal effect?
Correct!
Wrong!
The decrease in owner’s equity attributable to business activities is called?
Correct!
Wrong!
Which of the following transactions results in an immediate increase in expenses?
Correct!
Wrong!
The effect of a credit entry on the payables account is to?
Correct!
Wrong!
A debit will reduce _____________________________, but increase ___________________________?
Correct!
Wrong!
The payment of cash to supplier will?
Correct!
Wrong!
A person who pays out something or to whom money owes is called?
Correct!
Wrong!
The amount of salary paid to Sohail should be debited to?
Correct!
Wrong!
In double entry system of book–keeping every business transaction affects?
Correct!
Wrong!
Accounting Variation Proforma 1-10
Super Excellent ***
Excellent ***
Very Good **
Good *
Fair
Fail
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