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05.The process of transferring the debit and credit items from a journal to their

               respective account in the ledger is termed as?


               (a) Balancing


               (b) Posting

               (c) Arithmetic


               (d) Entry


               06. Ledger is a book of?


               (a) Original entry


               (b) Final entry


               (c) Secondary entry

               (d) All cash transactions

               07.When total of debit side of an account exceeds the total of its credit side the
               account is said to have:

                   a.  Credit balance
                   b.  Debit balance
                   c.  Credit as well as Debit balance

                   d.  None of these.


               08. Find the correct statement:

               a.  Credit increase in expenses
               b.  Credit increase in capital
               c.  Debit increase in revenue
               d.  Credit increase in assets

               09. goods used by proprietor for personal purpose will be debited to:

               a. Goods a/c

               b. Purchases a/c
               c. Drawing a/c

               d. Capital a/c
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