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1) Rhe crwalir side of deable eetry E. - Bexrusess ateyts and lialtitics d. Decreases asects and increases liabilities 2)T?e Nalsoce of Gersiaass discewes MXS
1) Rhe crwalir side of deable eetry E. - Bexrusess ateyts and lialtitics d. Decreases asects and increases liabilities 2)T?e Nalsoce of Gersiaass discewes MXS A-crouir haldoe b- Debit talance c- Riversoriam Dalance d- There is mot ary talance Dits beferet beek the balsace of discowat allew cd ACC is : R. Dehir twlance b-Crols halance C - Debit and crodit balance d non of all 4sta fouereuliring sales AC : Ryermes with he debiad Acowert wencs iato husiness will be debited Neswart gives the benefit will be eredited Neranue will becrodiced 5)Tbe dodection made ia the list price is knewn as: A. Cash discouts b. Discount coned o-Trade discount d- Quantity discount 6)its list shews the roselt of the company's busincss : A. lavoenc coscout b-Balance sheet C - Trial balance d-Ledger book 7) Parchases rotare AC is clased in : a Frofits aboses b- Trading A/c Balance shoer d- A+C 8) -...is a list that shows the balances of accounts within a given period of time : 9)le using tbe indirect way the credit side of depreciation entry is : A. Deprociation AVC b- Accumulated depreciation A/C C - Trial balance d- A+C 10) Accounts that normally have debit balance are : a- Aeset revenues and experses b- Bypenses assess and owners capital c- Eypenses assess and peronal drawings d- Eypenses liabitities and personal drawings 11) After preparing the adjustment entries outstanding revenue will result in : a- Maximire the tulance of Eypenses b- Mevimise the balance of rerenue Mrimine the balance of Eypenses 3- Minimine the balance of revenue 12) Fright in a c classified from : a-operation exp b-netsales c-cost of goods sold d-nothing of all 13) Oac of this accoents is a capital expenditure: a-rent b-slarios c-fumiture d- nothing of all 14) The accouat decrease the expenses in adjusting entry is: a- accrucd exp b-prepaid exp c-uncarned exp d-nothing of all 15) Outstanding revenue classified from: a-current liahilities b-fived assets c-current assets d-revenue 16) the credit side for deprecistion entry (indirect method) : a- depreciation exp b-accumulated depreciation c-fixed assets d-rent 17) purchssed furniture on sccount in journalizing this transaction : 5- Furiture AC is the recciver of the benefit and creditors A/C is the giver of the benefit b- Fumiture A.C is the recciver of the benefit and debtors A/C is the giver of the benefit c- Chedinos A C is the receiver of the benefit and Furniture A/C is the giver of the benefit d- Debwars AC is the receiver of the benefit and Fumiture A/C is the giver of the benefit
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