A. Machinery account
B. Building account
C. Creditors account
D. Rent expenses account
Correct Answer: Rent expenses account ✔
Last Updated: July 27, 2017
Related MCQs
- Double entry implies that
- Net loss occurs when__________?
- _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
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- ________ is a separate legal entity that Total capital can be divided in many shares.
- Financial statements differ from management account because
- _________ is the first phase of accounting cycle?
- Which of the following is the internal user of financial statements?
- Which of the following is the external user of financial statements?
- Auditing is what?
- Keeping the log of financial information in books of original entries is called__________?
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- Financial accounting provides financial information to all of the following external users except:
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- Debit note is the basis for recording a transaction in which of the following journals?
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- A brief explanation recorded below every entry in general journal is commonly known as__________?
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- Which of the following is a type of cash receipt journal + cash payment journal?
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