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Question-1
Under sectional balancing system, suppliers individual accounts are kept in the ____________ ledger.
(A)
Debtors ledger
(B)
Creditors ledger
(C)
General ledger
(D)
Nominal ledger
Question-2
Wages is related to which Account?
(A)
Nominal Account
(B)
Real Account
(C)
Personal Account
(D)
Debtors Account
Question-3
How does Creditors Account opened in self balancing system?
(A)
Total Debtors Account
(B)
Total Creditors Account
(C)
Creditors ledger Adjustment Account
(D)
Debtors Ledger Adjustment Account
Question-4
Identify the nominal Account from the following.
(A)
Advertisement
(B)
Plant & Machinery
(C)
Furniture
(D)
Bills receivable
Question-5
Under sectional balancing system the total amount paid to creditors will be debited to_________ Account.
(A)
Total Debtors Account
(B)
Total creditors Account
(C)
Purchase Account
(D)
Sales Account
Question-6
Purchase ledger is known as _____________.
(A)
Debtors ledger
(B)
Creditors ledger
(C)
General ledger
(D)
Sales ledger
Question-7
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-8
Identify the real Account from the following.
(A)
Wages
(B)
Cash
(C)
Insurance
(D)
Interest received
Question-9
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-10
Under sectional balancing system total bills payable accepted will be debited to which Account?
(A)
Total Debtors Account
(B)
Total creditors Account
(C)
Purchase Account
(D)
Sales Account
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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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