Question

.3 fill in the blanks 5 marks

1. Commission received is an example of?

(a) Real A/c (b) Personal A/c

(c) Nominal A/c (d) None

2. Of the following account types, which would be increased by a

debit?

(a) Liabilities and expenses (b) Assets and equity

(c) Assets and expenses (d) Equity and revenues

3. In which order does the Journal list transactions?

(a) Chronological (b) Decreasing

(c) Increasing (d) Alphabetical

4. Complete the following journal entries:

(i) Drawings A/c Dr.

To ................... A/c

(Money withdrawn from Bank for Personal use)

5.The explanation of a Journal entry is known as .....................​

Answer 1

Answer:

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