_____ will generally show a debit balance

A Bank loan
B Bad debts recovered
C Drawings
D Salary payable

Correct Answer: Drawings

Drawings will generally show a debit balance. A drawing account is an accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships.
Bissoy MCQ
#Commerce #Accounting

Related Questions

Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600
Which shortcut key is pressed and then 'yes' is given in 'Use Debit/Credit Noted' to post entry in Credit Note and Debit Note in Tally
A Alt + F11
B F11
C F12
D Alt + F12
Which of the following account with normal balance is shown at the debit side of a trial balance?
A Rent income account
B Creditors account
C Unearned income account
D Cash account
Which one of the following accounts would usually have a debit balance?
A Account payable
B Cash
C Owner equity
D Bank loan
If debit balances = credit balances, trial balance only shows or checks the _________ and it does not indicate that no errors were made during recording and posting.
A Arithmetic accuracy
B Errors of commission
C Omissions of economic events
D Understatements of balances
The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
The manager of a radio program is going to feature six vocalists--M,N,P,Q,R and S on her half hour radio show during the course of one week.She will feature one vocalist on the show each day from Monday through Saturday.The manager must schedule the vocalists for the show according to the following conditions: *M must be featured earlier in the week than R. *P must be featured on Tuesday. * Q must be featured on the day immediately before or immediately after the day on which N is featured. If N is to be featured on Thursday, the earliest day on which R can featured is ---
A Monday
B Tuesday
C Wednesday
D Friday
The manager of a radio program is going to feature six vocalists--M,N,P,Q,R and S on her half hour radio show during the course of one week.She will feature one vocalist on the show each day from Monday through Saturday.The manager must schedule the vocalists for the show according to the following conditions: *M must be featured earlier in the week than R. *P must be featured on Tuesday. * Q must be featured on the day immediately before or immediately after the day on which N is featured. If S is to be featured on Friday,M must be featured on---
A Monday
B Tuesday
C Wednesday
D Friday
The manager of a radio program is going to feature six vocalists--M,N,P,Q,R and S on her half hour radio show during the course of one week.She will feature one vocalist on the show each day from Monday through Saturday.The manager must schedule the vocalists for the show according to the following conditions: *M must be featured earlier in the week than R. *P must be featured on Tuesday. * Q must be featured on the day immediately before or immediately after the day on which N is featured. If Q is to be featured on Thursday, the latest day on which M can featured is ---
A Monday
B Tuesday
C Wednesday
D Friday

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