Teaching Accountancy Accounting Process : Journal to Trial Balance Question Bank MCQ - Accounting Process: Journal to Trial Balance

  • question_answer
    Match the following
    List I List II
    A. A person who owes something is called 1. Ledger
    B. Balance sheet is not a …….account. 2. Personal accounts
    C. An obligation of business is......... 3. Debtor
    D. The rule “Debit the receiver and credit the given” is for.......... 4. Liability
    Codes

    A)  A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2

    B)  A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2

    C)  A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2

    D)  A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3

    Correct Answer: C


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