Solved

The Accounts in the Trial Balance of Koala Ltd Are

Question 30

Multiple Choice

The accounts in the trial balance of Koala Ltd are shown below. Select whether the account balance is normally a debit (Dr) or a credit (Cr) .
-Revenue received in advance


A) Dr
B) Cr

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: Under a double-entry accounting system, show how

Q26: For each item , indicate whether a

Q27: For each item , indicate whether a

Q28: Match the items by choosing the appropriate

Q29: Selected transactions for Kookaburra Ltd are listed

Q31: Under a double-entry accounting system, show how

Q32: Under a double-entry accounting system, show how

Q33: For each of the following accounts indicate:

Q34: Journalise the following business transactions in general

Q35: Gwen Stefani decides to incorporate a company