A building is an example of an intangible real account

• Ture
• False
• option2

Accounts which are related to expenses, losses, income or gains are called---------------- accounts

• Real
• Nominal
• Personal
• option2

A_______________ discount is a discount given to the buyer on the product price when they buy the product in large quantity.

• Trade
• cash
• seasonal
• contractual
• option1

what is the type of discount provided by the seller of goods to encourage prompt payment from the buyer?

• cash
• Trade
• seasonal
• contractual
• option1

account which are related to expenses losses in comes or gains are called _____________ accounts.

• Personal
• Real
• nominal
• option3

A building is an intangible real account.

• True
• False
• option2

A credit is an accounting entry that is made when an asset ________

• increses
• decreases
• remainssame
• option1

A ledger is also known as the principal book of entry.

• True
• False
• option1

The left column in a ledger shows the different _____________ balances.

• credit
• debit
• panding
• option2

The process of transferring entries from journal to ledger is called ________.

• posting
• balancing
• journalizing
• option1