Warehouse rent is a part of _________?

Related Mcqs:

1. BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?

   A. Cash receipts journal
   B. Cash payments journal
   C. Sales journal
   D. Purchase journal

2. Which of the following is the normal balance of a rent expense account?

   A. Credit balance
   B. Cash balance
   C. Overdraft
   D. Debit balance

3. Payment of rent expenses is recorded on which side of cash book?

   A. Receipts
   B. Payments
   C. Income
   D. Expense

4. _________ is the first phase of accounting cycle?

   A. Identifying an economic event or transaction
   B. Preparing journals
   C. Posting entries to ledger accounts
   D. Making decisions about business

5. _________ will be credited if goods are given as charity?

   A. Cash
   B. Charity
   C. Purchases
   D. Sales

6. Building account is classified as _________ account?

   A. Nominal
   B. Real
   C. Cash
   D. Capital

7. Capital increases if _________ increases?

   A. Expenses
   B. Drawings
   C. Interest on capital
   D. Revenue

8. _________ is the evidence that a transaction took place?

   A. Source documents
   B. Ledger
   C. Bonds
   D. Journals

9. Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation?

   A. Added, Reduced
   B. Added, Added
   C. Deducted, Added
   D. Deducted, Deducted

10. _________ Checks that are presented to bank but not yet credited by the bank.

    A. Unpresented checks
    B. Uncredited checks
    C. Outstanding checks
    D. Bounced checks