Question: 1 . 1 Choose the correct answer by writing only the relevant letter. B . g . 1 . 1 . 1 p 1 .

1.1 Choose the correct answer by writing only the relevant letter. B.g.1.1.1 p
1.1.1 Another term for book of the first entry.
A. General ledger
B. Trial balance
C. Debtors ledger
D. Subsidiary journal
1.1.2 The debt of the business.
A. Assets
B. Loss
C. Profit
D. Liability
1.1.3 Which of the following represent the Accounting equation.
A.OE+A=L
B.L-OE=A
C.A=OE+L
D.L+A+OE
1.1.4 Money that the owner invests in a business is known as q,
A. Capital
B. Income
C. Transactions
D. Profit
1.1.5 The left hand side of a T-account in the general ledger is known as it
A. Balance
B. Debit
C. Credit
D. Analysis of receipts
51=5
 1.1 Choose the correct answer by writing only the relevant letter.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!