Multiple Choice
Normally value of closing stock ________ in the trial balance
A) Appears
B) Does not appear
C) May or may not appear
D) Sometime appear
Correct Answer:

Verified
Correct Answer:
Verified
Q37: _ is an expenditure which does not
Q38: Collection of all accounts us called<br>A)Trial balance<br>B)Journal<br>C)Ledger<br>D)Cash
Q39: Total sales book indicates<br>A)Total credit sales<br>B)Total cash
Q40: Trading account is a _ account<br>A)Personal<br>B)Real<br>C)Nominal<br>D)Expenses
Q41: In income & Expenditure accounts, we record<br>A)Items
Q43: Sales return account is a _ account<br>A)Personal<br>B)Nominal<br>C)Real<br>D)Current
Q44: In sole trader balance sheet asset are
Q45: 'Every debit has a corresponding credit' it
Q46: Cash purchase of fixed asset is entered
Q47: Allowance made for prompt payment is called<br>A)Cash