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Question-1
Identify the real Account from the following.
(A)
Insurance
(B)
Advertisement
(C)
Sales commission
(D)
Returns
Question-2
Plant and machinery is related to which _____________ Account.
(A)
Debtor Account
(B)
Nominal Account
(C)
Personal Account
(D)
Real Account
Question-3
Sales ledger is known as ____________.
(A)
Debtors ledger
(B)
Creditors ledger
(C)
General ledger
(D)
Purchase ledger
Question-4
Salaries is related to which Account?
(A)
Nominal Account
(B)
Real Account
(C)
Personal Account
(D)
Debtors Account
Question-5
Identify the Self Balancing System from the following
(A)
Errors are detected easily
(B)
Errors are not detected easily
(C)
Only Total debtors Account are opened
(D)
Only Total creditors Account are opened
Question-6
Identify the real Account from the following.
(A)
Land and Building
(B)
Wages
(C)
Salaries
(D)
Insurance
Question-7
Identify the nominal account from the following.
(A)
Loan
(B)
Creditors
(C)
Bank over draft
(D)
Rent, rates and taxes
Question-8
Identify the Items that Excluded from control cost.
(A)
B/P met during the year
(B)
B/R return dishonor
(C)
B/R endorsed to creditors
(D)
Discount received from Debtors
Question-9
Land and Buildings is related to_____________ Account.
(A)
Nominal Account
(B)
Real Account
(C)
Personal Account
(D)
Debtor Account
Question-10
Old furniture is sold to Sanay, and his account will be opened in ______________ledger.
(A)
General ledger
(B)
Debtors ledger
(C)
Creditor ledger
(D)
Creditor ledger
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Plus 2 Commerce
ICSE/ISC
Practice in Related Chapters
Partnership Accounts : Distribution of Profits
Goodwill - Concept and Mode its Valuation
Partnership Accounts : Admission of Partner
Capital Adjustment of Change of Profit Sharing Ratio
Admission of a Partner
Final Accounts of Companies
Joint Stock Company Accounts: Issue of Debentures
Cost Accounting An Introduction
Joint Venture Account
Sectional Balancing and Self Balancing System
Ratio Analysis
Cost Accounting Inventory Valuation
Cash Flow Statement
Cost Accounting Cost Sheet
Cash Flow Statement
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