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Financial Accounting Quiz (Business, Record, Debited)

What will be debited, If Mr. “A” started business with $2, 00,000

Cash book is a part of _________ .

When income is reduced or decreased, that amount is recorded on:

What will be debited, if business sold goods for Rs.10, 000 on credit?

A company’s merchandise, raw materials, and finished and unfinished products which have not yet been sold are known as:

What is nature of Capital account?

The basic accounting principle/concept according to which business record must be kept separate from the personal records of the owner is known as:

Which of the following is NOT correct?

What should be credited, if salary is paid to Sohail?

Which of the following is NOT correct?

Tagged as: business record, business record, record
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