Question
Which of the following is a real (or permanent)
account?Solution
Real accounts are balance sheet accounts (Asset, Liability, Equity) that are not closed at the end of the accounting period; their balances are carried forward. Accounts Payable is a liability account. Nominal accounts (A, B, D) are income statement accounts (Revenue, Expense, Gain, Loss) that are closed to retained earnings at period-end.
The boss had asked her to do the work on an urgent basis , but she put in the work and left.
Direction: In the following question, a sentence is given, divided into 5 parts. Part (E) is grammatically correct. Out of the other four parts, one pa...
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate optio...
Out of the four given options, choose the most appropriate one.
The most effective measure to keep (1)/ our roads safe is enforcement of rules (2)/ with zero tolerance to any violate rule. (3)/ No error. (4)
Not let grass grow under feet
Much of Sri Lanka’s (1)/external borrowings are (2)/though sovereign bonds (3)/in the international money market (4).
In the following question, a sentence is given with a few highlighted words that may be incorrectly placed. Rearrange these words to form a sentence th...
This eagerly awaited clash (1)/ is shaping up to be a battle for the (2)/ Â top of the table, adding to the excitement around one (3)/ of the most ico...
The villagers were in no mood to understand that tranquillising was not a good idea for an animal that was probable hungry and tired after having swim ...
