751. The normal balance of the capital account is_____________?
A. Credit balance
B. Debit balance
C. Cash balance
D. Neither debit nor credit balance
752. The normal balance of the asset account is____________?
A. Credit balance
B. Debit balance
C. Cash balance
D. Neither debit nor credit balance
753. The normal balance of the liability account is____________?
A. Credit balance
B. Debit balance
C. Cash balance
D. Neither debit nor credit balance
754. Which of the following statements is incorrect regarding the capital account?
A. Debit increases the capital account balance
B. Credit increases the capital account balance
C. Fresh capital increases the capital account balance
D. Net income increases the capital account balance
755. Transferring entries from the journal to ledger account is commonly known as____________?
A. Recording
B. Posting
C. Transferring
D. Entry making
756. An account records the _ in the balance of an item?
C. Increase or decrease
A. Increase
B. Decrease
D. Appreciation
757. If the credit side of a bank account is greater than the debit side, it indicates which of the following?
C. Bank balance
A. Bank overdraft
B. Cash at bank
D. Current Asset
758. Which of the following incentive methods of wage payment should be used for indirect workers?
A. Rowan plan
B. Taylor’s differential piece rate system
C. Gantt’s task and bonus plan
D. All of the above
E. None of the above*
759. Which of the accompanying strategies for wage installment is most appropriate where quality and exactness of work are of essential significance?
A. Piece rate system
B. Halsey premium system
C. Time rate system
D. Differential piece work system
760. Cost of idle time arising due to the non-availability of raw material is:
A. Added to the Account for Costing Profit and Loss
B. Charged to factory overheads
C. Recovered by inflating the wage rate
D.None of them
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