A. Office equipment
B. Rent expenses
C. Rent income
D. Insurance expense
Correct Answer: Office equipment ✔
Last Updated: September 15, 2018
Related MCQs
- A book wherein various accounts are opened is called__________?
- Posting is the process of__________?
- Which of the following statements is/are true ?
- Which of the following is the closing balance of a ledger account?
- Which of the following accounts are closed at the end of an accounting period?
- __________ helps business to classify transactions according to their nature?
- Building account is classified as _________ account?
- The real accounts are accounts of Assets, liabilities and __________?
- Revenue and expense accounts are referred as__________?
- Which of the following is the normal balance of a rent expense account?
- Which of the following statements is incorrect regarding capital account?
- The normal balance of liability account is__________?
- The normal balance of asset account is__________?
- The normal balance of capital account is__________?
- If debit balance is greater than creadit balance then the account blance will be__________?
- Which of the following is known as the base for preparing trial balance?
- _________ will be credited if goods are given as charity?
- If debit side of a bank account is greater than credit side it indicates which of the following?
- If credit side of a bank account is greater than the debit side, it indicates which of the following?
- An account records the __________ in the balance of an item?
- Transferring entries from journal to ledger account is commonly known as__________?
- ________ is the common base for preparing a trial balance?
- Trial balance is prepared to check accuracy of__________?