1171. In case , the trial balance is not prepared , it will be almost impossible to prepare :
A. The journal
B. The ledger
C. The financial statements *
D. None of the above
1172. The ruling of a trial balance is similar to that of :
A. A journal *
B. A ledger
C. A balance sheet
D. None of the above
1173. Cash sales to Mr Ali will be posted to credit side of :
A. Mr ali account
B. Account
C. Sales account *
D. None of the above
1174. Salary paid in cash to Rahat will be posted to salary account on the :
A. Credit side
B. Debit side *
C. Both sides
D. None of the above
1175. Building purchased for cash will be posted to building account on the :
A. Debit side *
B. Credit side
C. Both sides
D. None of the above
1176. Cash purchases from khalid will be posted to debit side of :
A. Cash Account
B. Sale Account
C. Purchase Account *
D. Expense Account
1177. The person to whom we are indebted is :
A. Debtor
B. Creditor *
C. Employee
D. Agent
1178. The person who is indebted to us is ours :
A. Debtor *
B. Creditor
C. Owner
D. Agent
1179. The amount with which a business is started is called :
A. Capital *
B. Loan
C. Profit
D. Investment
1180. The left hand side of account is called :
A. Credit side
B. Debit side *
C. Both Debit and Credit
D. None of the above