Class XI

Which of these accounts normally have a debit balance?
  1. Unearned revenues
  2. Retained earnings
  3. Common stock
  4. Prepaid rent
Which of the following is the accounting equation?
  1. L = A + SE
  2. A = L + SE
  3. A = L - SE
  4. SE = A + L
Which of the following is not a long term asset?
  1. Intangible assets
  2. Fixed Assets
  3. Long-term investments
  4. Inventory
Which of these accounts normally have a credit balance?
  1. Cash
  2. Expenses
  3. Accounts payable
  4. Prepaid rent
Which of the following is not a current liability?
  1. Current portion of long term debt
  2. Dividends payable
  3. Interest payable
  4. Deferred tax liability
Time Elapsed

HR : MIN : SEC
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