Building account is classified as _________ account?

Related Mcqs:

1. Office equipments account is classified as _________ account?

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

2. Which of the following accounts can be classified as a real account?

   A. Rent expenses account
   B. Rent income account
   C. insurance expenses account
   D. Cash account

3. Transferring entries from journal to ledger account is commonly known as____________?

   A. Recording
   B. Transferring
   C. Posting
   D. Entry making

4. An account records the ___________ in the balance of an item?

   A. Increase
   B. Decrease
   C. Increase or decrease
   D. Appreciation

5. If credit side of a bank account is greater than the debit side, it indicates which of the following?

   A. Bank overdraft
   B. Cash at bank
   C. Bank balance
   D. Current Asset

6. If debit balance is greater than creadit balance then the account blance will be__________?

   A. Credit balance
   B. Debit and credit balance
   C. Cash balance
   D. Debit balance

7. The normal balance of capital account is_____________?

   A. Credit balance
   B. Debit balance
   C. Cash balance
   D. Neither debit nor credit balance

8. The normal balance of asset account is____________?

   A. Credit balance
   B. Debit balance
   C. Cash balance
   D. Neither debit nor credit balance

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

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

10. Which of the following is the closing balance of a ledger account?

    A. Balance c/d
    B. Balance b/d
    C. Balance e/d
    D. Balance f/c