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Question-1
Identify the Self Balancing System from the following.
(A)
Double entry system is not completely applied
(B)
Only total debtors Account are opened
(C)
A separate trial balance is prepared for each ledger
(D)
A trial balance is prepared only for general ledger
Question-2
Under sectional balancing system total bills payable accepted will be debited to_________ Account.
(A)
Total Debtors Account
(B)
Total creditors Account
(C)
Purchase Account
(D)
Sales Account
Question-3
Under sectional balancing system At the end of each month, the total of sales day book will be debited ______ Account.
(A)
Total Debtors Account
(B)
Sales Account
(C)
Total Creditors Account
(D)
Purchase Account
Question-4
Plant and machinery is related to which _____________ Account.
(A)
Debtor Account
(B)
Nominal Account
(C)
Personal Account
(D)
Real Account
Question-5
Identify the real Account from the following.
(A)
Insurance
(B)
Advertisement
(C)
Sales commission
(D)
Returns
Question-6
Identify the Self Balancing System from the following.
(A)
Double entry system is completely applied
(B)
Double entry system is not completely applied
(C)
A trial balance is prepared only for general ledger
(D)
Only total debtors Account are opened
Question-7
Salesman Commission is related to _____________ Account.
(A)
Nominal Account
(B)
Real Account
(C)
Personal Account
(D)
Debtors Account
Question-8
The customer's individual accounts are kept in the ______________ ledgers.
(A)
Debtors ledger
(B)
Creditors ledger
(C)
General ledger
(D)
Purchase ledger
Question-9
Identify the Sectional Balancing System
(A)
Double entry system is completely applied
(B)
Double entry system is not completely applied
(C)
A separate trial balance is prepared for each ledger separately
(D)
Errors are detected easily
Question-10
Identify the personal Account from the following.
(A)
Cash
(B)
Sundry debtors
(C)
Bills receivable
(D)
Drawings
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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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