Record of business transactions in the journal is known as_____________

(a)

Journal entry

(b)

Ledger

(c)

Book-keeping

(d)

Accounting

The receiving aspect in a transaction is called _________.

(a)

debit aspect

(b)

credit aspect

(c)

neither of the two

The giving aspect in a transaction is caned ___________.

(a)

debit aspect

(b)

credit aspect

(c)

neither. of the two

Capital account is classified under________.

(a)

Personal A/c

(b)

Real A/c

(c)

Nominal A/c

Commission received is an example of_________.

(a)

Real A/c

(b)

Personal A/c

(c)

Nominal A/c