Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Debit Signifies	Increase in Asset Account Decrease in Liability Account Decrease in Capital Account All of the Above
2	Payment of Rs. 50 to Raheel as wages for repairing machine should be debited to	Machinery a/c Repair a/c Wages a/c Raheel a/c
3	A table lost by fire should be debited to	Table a/c Furniture a/c Loss by Fire a/c Purchases a/c
4	In case of a debt becoming bad, the amount should be credited to	Debtor's a/c Bad Debts a/c Sales a/c cash a/c
5	The Amount of salary paid to Sohail should be debited to	Sohail's a/c Cash Account Salaries a/c Both a & c

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