_____________ is prepared on a specific data.

(a)

Trial Balance

(b)

Journal

(c)

Ledger

(d)

All of the above

____________ method is not commonly used as it cannot help in the preparation of financial statements.

(a)

Total Method

(b)

Balance Method

(c)

Total and Balance Method

(d)

None of these

The ____________ method is widely used, as it helps in the preparation of financial statements.

(a)

Total

(b)

Balance

(c)

Both 'a' and 'b'

(d)

None of these

Suspense account in the trial balance is entered in the ______________.

(a)

Trading Account

(b)

Profit and Loss Alc

(c)

Balance Sheet

(d)

None of these

Suspense account having credit balance will be shown on the _____________.

(a)

Credit side of the Profit and Loss Alc

(b)

Debit side of the Profit and Loss Alc

(c)

Liabilities side of the Balance Sheet

(d)

Assets side of the Balance Sheet