What type of entry is required to close nominal accounts?

1.Advance rent 20,000 taka. If the said advance rent expires at the \end{of}the accounting period, what will be the impact on the financial statements? i. Advance rent will decrease by 20,000 taka ii. Total current assets will decrease by 20,000 taka iii. Rent expense will decrease by 20,000 taka Which of the following is correct?

2.If a liability decreases - i. Other liabilities increase ii. Owner's equity increases iii. Assets decrease Which of the following is correct?

3.Which of the account balances will not be included in the trial balance?

4.Capital is a business's -

5.Who is the father of accounting?

6.Who is an internal user of accounting information?

7.Which of the following transactions increases owner's equity?

8.Which discount is deducted from the written price of goods during purchase or sale?

9.2,700 taka was received from Abir with a 10% discount. What is the amount of the discount here?

10.Ledger is called - i. Primary book ii. Permanent store iii. Final book Which of the following is correct?

11.Contra entry - i. Cash withdrawal from bank for personal use ii. Deposit to bank iii. Cash withdrawal from bank for office use Which of the following is correct?

12.How much will be debited to the purchase account?