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Question-1
All nominal and real accounts and the remaining personal accounts are opened in _____________ ledger.
(A)
Debtors ledger
(B)
Sales ledger
(C)
Creditors ledger
(D)
General ledger
Question-2
Salaries is related to which Account?
(A)
Nominal Account
(B)
Real Account
(C)
Personal Account
(D)
Debtors Account
Question-3
____________ are the persons to whom goods are sold on credit.
(A)
Debtors
(B)
Trade Debtors
(C)
Creditor
(D)
Trade Creditor
Question-4
Purchase ledger is also known as ____________.
(A)
Bought ledger
(B)
Sales ledger
(C)
Sold ledger
(D)
Debtors ledger
Question-5
Identify the items that Excluded from control Accounts.
(A)
Credit sales
(B)
Credit purchase
(C)
Provision for Bad and Doubtful Debts
(D)
Return inward
Question-6
Sales ledger is known as ____________.
(A)
Debtors ledger
(B)
Creditors ledger
(C)
General ledger
(D)
Purchase ledger
Question-7
Under sectional balancing system the monthly total of purchases day Book will be credited to__________ Account.
(A)
Total Debtors Account
(B)
Total creditors Account
(C)
Purchase Account
(D)
Cash sales
Question-8
Identify the nominal account from the following.
(A)
Loan
(B)
Insurance
(C)
Creditors
(D)
Bank over draft
Question-9
Identify the nominal Account from the following.
(A)
Purchases
(B)
Sales
(C)
Returns
(D)
Salesman Commission
Question-10
General ledger is also called as _____________.
(A)
Debtors ledger
(B)
Creditors ledger
(C)
Main ledger
(D)
Sales 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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