- (A) Depreciation
- (B) Drawings
- (C) Outflow of cash
- (D) Appreciation
Accounting Mcqs
- (A) Cash and cash equivalent
- (B) Creditors
- (C) Notes payable
- (D) Bank loan
- (A) Cash from the business
- (B) liability of a business
- (C) Owner’s claim on total assets
- (D) Owner’s claim on total liabilities
- (A) Cash
- (B) Equipment
- (C) Debtors
- (D) Creditors
- (A) Capital+Liabilities=Assets
- (B) Assets+ liabilities =Capital
- (C) Capital+assets=liabilities
- (D) Liabilities+Capital
- (A) Debit increases the capital account balance
- (B) Credit increases the capital account balance
- (C) Fresh capital increases the capital account balance
- (D) Net income increases the capital account balance
- (A) Debit balance
- (B) Credit balance
- (C) Cash balance
- (D) Neither debit nor credit balance
- (A) Credit balance
- (B) Debit balance
- (C) Cash balance
- (D) Neither debit nor credit balance
- (A) Credit balance
- (B) Debit balance
- (C) Cash balance
- (D) Neither debit nor credit balance
- (A) Credit balance
- (B) Debit and credit balance
- (C) Cash balance
- (D) Debit balance
