choose the correct answer

I only need the answer without explanation.

Give me the question number and the answer, please.

1

Carefully analyze the Journal of Ali & Company and answer the questions below:

Date	Particulars	L.F	Amount(Debit)	Amount(Credit)
1.1.2018	Dr. Cash A/c Cr. Capital A/c		10,000	10,000
5.1.2018	Dr. Machinery A/c Cr. Cash A/c		2000	2000
7.1.2018	Dr. Purchases A/c Cr. Cash A/c		1500	1500

Q1. How many ledger accounts Ali and company has to open for the above transactions?

a\ 2

B\ 6

C\ 3

D\ 4

Q2. Which all ledger accounts Ali and company will open for the above transactions?

A/ Cash, Capital, Machinery and Purchases

B\ Capital, Machinery, Accounts payable and Sales

C\ Cash, Capital, Accounts payables and Purchases

D\ Cash, Capital, Machinery and Sales

Q3. What will be the closing balance of Cash account?

A\ Debit balance OMR 3500

B\ Credit balance OMR 6500

C\ Credit balance OMR 10,000

D\ Debit balance OMR 6500

2

Mohammed is an accountant of ABC company and he is responsible for preparing the various ledger accounts of the company.

Q1. While preparing the ledger, he found that an account has a credit balance, it means:

A\ Both debit and credit sides are equal

B\ Total of credit side is more than the total of debit side

C\ Total of debit side is more than the total of credit side

D\ It cannot be recorded in the ledger

Q2. While preparing the ledger, he found that an account has a debit balance, it means:

A\ It cannot be recorded in the ledger

B\ Total of debit side is more than the total of credit side

C\ Total of credit side is more than the total of debit side

D\ Both debit and credit sides are equal

3

The appropriate journal entry to record prepaid expenses.

Q1. Which account will be the debited?

A\ Equity

B\ Cash

C\ Expenses

D\ Prepaid expenses

Q2. Which account will be the Credited?

A\ Expenses

B\ Equity

C\ Cash

C\ Prepaid Expenses