Real accounts always show _________________

(a)

debit balances

(b)

credit balances

(c)

both 'a' and 'b'

(d)

none of these

Accounts having credit balance is closed by writing ________________

(a)

To balance b/d

(b)

By balance c/d

(c)

To balance c/d

(d)

By balance bid

The balances of Personal and Real Accounts are shown in the ______________

(a)

trading account

(b)

profit and loss account

(c)

balance sheet

(d)

trial balance

Normally, in a majority of business concern, the ledger is a _______________

(a)

Sheet

(b)

Bound note book

(c)

loose-leaf Ledger

(d)

journals

In big concerns, the ledger is ________________

(a)

bound note book

(b)

sheet

(c)

loose-leaf ledger

(d)

journals