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CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
Sales returns account always represent ___________ balance.
(A)
Debit
(B)
Credit
(C)
No Balance
(D)
None of these
Question-2
__________ are person who have to be paid by an enterprises an account for providing goods or services.
(A)
Debtor
(B)
Creditor
(C)
Pages
(D)
Trustee
Question-3
The amount by which the entries on one side of an account exceed the entries on the other side of the account is termed as
(A)
Posting
(B)
Balance
(C)
Entry
(D)
Journalising
Question-4
Ledger is the book for ________ record.
(A)
Chronological
(B)
Analytical
(C)
None of these
(D)
All of these
Question-5
If debit and credit side of an account is equal while balancing, the account is said to be __________ balanced one.
(A)
Debit
(B)
Credit
(C)
Nil
(D)
None of these
Question-6
__________ is known as the principal book under double entry system.
(A)
Journal
(B)
Voucher
(C)
Final account
(D)
Ledger
Question-7
In a Journal these are ___________ column
(A)
4
(B)
3
(C)
5
(D)
7
Question-8
__________ contains narrations.
(A)
Ledger
(B)
Journal
(C)
Final Balance
(D)
Final a/c
Question-9
The process of transferring an entry from the journal into the ledger is called
(A)
Entry
(B)
Balancing
(C)
Journalising
(D)
Posting
Question-10
Debit balance of personal account reflects
(A)
Creditor
(B)
Debtor
(C)
Expenses
(D)
Gain of income
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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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