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Subject - Accounting:

General Concepts

MCQ - 51-53

Question:

A debit balance brought down on a Packing Materials Account means:

  1. We have a stock of packing materials unused
  2. We are owed for packing materials
  3. We have lost money on packing materials
  4. We are owed for packing materials

Correct Answer: A

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: A debit balance brought down on a Packing Materials Account means:, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 51-53.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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