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Question Practice

What is a common misconception when balancing accounts?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

What is a common misconception...

Single Answer MCQ
Q-00054061

What is a common misconception when balancing accounts?

1

Both sides should always be equal

2

All accounts require balancing

3

Expenses are always debited

4

Revenues are never balanced

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Keep Practising

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