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CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
A __________ is divided into two equal part.
(A)
Account
(B)
Ledger
(C)
Journal
(D)
Transaction
Question-2
If the personal account shows debit balance it means that
(A)
The amount is owing
(B)
A debtor
(C)
Both a or b
(D)
None of these
Question-3
__________ contains narrations.
(A)
Ledger
(B)
Journal
(C)
Final Balance
(D)
Final a/c
Question-4
Ledger is also known as _________ entry.
(A)
Original entry
(B)
Second entry
(C)
First entry
(D)
None of these
Question-5
Debit balance of real account tells in what is the value of __________ on a particular date.
(A)
Asset
(B)
Liability
(C)
Income
(D)
Expenditure
Question-6
The pages of ledger are numbered consecutively and called
(A)
Journal folio
(B)
Ledger folio
(C)
None of these
(D)
All of these
Question-7
Debit balance of personal account reflects
(A)
Creditor
(B)
Debtor
(C)
Expenses
(D)
Gain of income
Question-8
Find out the odd one and state reason
(A)
Second entry
(B)
Principal book
(C)
Life blood of accounting records
(D)
Prime entry
Question-9
Sales account is closed by writing the words __________ particular column on the credit side.
(A)
'By Trading A/c'
(B)
'To Trading A/c'
(C)
None of these
(D)
Both of these
Question-10
Purchase return account always show a __________ balance.
(A)
Debit
(B)
Credit
(C)
None of these
(D)
All of these
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Plus 1 Commerce
Tamil Nadu (English Medium)
Practice in Related Chapters
Introduction to Accounting
Conceptual Frame work of Accounting
Basic Accounting Procedures I - Double Entry System of Book-Keeping
Basic Accounting Procedures II- Journal
Basic Accounting Procedures III- Ledger
Subsidiary Books I- Cash Book
Bank Reconciliation Statement
Trail Balance and Rectification of Errors
Capital and Revenue Transactions
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