Accounts Balances

FA – May 2017 – L1 – SA – Q3 – Double-Entry Accounting Principles

Identifies which pair of accounts will have balances on opposite sides.

Question

Which of the following pair of accounts will have balances on opposite sides?

A. Sales account and capital account
B. Furniture account and cash account
C. Capital account and purchases account
D. Stationery account and salaries account
E. Rent expenses account and trade receivables account

Answer

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Tags: Accounting principles, Accounts Balances, Opposite Sides
Level: Level 1

Topic: Double-Entry Accounting Principles
Series: MAY 2017

Question Tag: Accounts Balances

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FA – May 2017 – L1 – SA – Q3 – Double-Entry Accounting Principles

Identifies which pair of accounts will have balances on opposite sides.

FA – May 2017 – L1 – SA – Q3 – Double-Entry Accounting Principles

Identifies which pair of accounts will have balances on opposite sides.

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Question Tag: Accounts Balances

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FA – May 2017 – L1 – SA – Q3 – Double-Entry Accounting Principles

Identifies which pair of accounts will have balances on opposite sides.

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FA – May 2017 – L1 – SA – Q3 – Double-Entry Accounting Principles

Identifies which pair of accounts will have balances on opposite sides.

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