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

Related Mcqs:

1. Which of the following account with normal balance is shown at the debit side of a trial balance?

   A. Rent income account B. Creditors account C. Unearned income account D. Cash account...

2. Debit balance = Credit balance in a trial balance indicates that:

   A. No error in recording transactions B. No error in posting entries to ledger accounts C. Account balances are correct D. Mathematically Capital+Liabilities=Assets...

3. 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...

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

   A. Cash at bank B. Bank understatement C. Bank overdraft D. Balance overstatement...

5. Which of the following account with normal balance is shown at the credit side of a trial balance?

   A. Cash account B. Bank account C. Equipment account D. Accrued expenses account...

6. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

   A. Arithmetic accuracy B. Errors of commission C. Omissions of economic events D. Understatements of balances...

7. Debit balance as per bank pass book mean_____________?

   A. Surplus cash B. Bank Overdraft C. Terms deposits with bank D. None of these...

8. Building account is classified as _________ account?

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

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...