Smartindia Classroom
CONTENTS
Accountancy
Commerce
Economics
Statistics
Back to home
Start Practice
Question-1
__________ 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-2
__________ is known as the principal book under double entry system.
(A)
Journal
(B)
Voucher
(C)
Final account
(D)
Ledger
Question-3
Sales account will always show a ________ balance
(A)
Debit
(B)
Credit
(C)
None of these
(D)
All of these
Question-4
The process of calculating the balance of an account is
(A)
Posting
(B)
Journalising
(C)
Balancing
(D)
All of these
Question-5
Sales return account is closed by writing the words _____________ in particular column on the Credit side.
(A)
To Trading A/c
(B)
By trading A/c
(C)
Both of these
(D)
All of these
Question-6
Debit balance of nominal A/c represents
(A)
Expense
(B)
Gain
(C)
Debtor
(D)
Creditor
Question-7
The record of transaction in the journal is called
(A)
Posting
(B)
Journalising
(C)
Balancing
(D)
Entry
Question-8
Credit balance of nominal account represent
(A)
Expense
(B)
Gains or income
(C)
Debtor
(D)
Creditor
Question-9
Purchase account is closed by writing the words __________ in particular column on the credit side.
(A)
'To trading A/c'
(B)
'By trading A/c'
(C)
Both of these
(D)
None of these
Question-10
Ledger is the book for ________ record.
(A)
Chronological
(B)
Analytical
(C)
None of these
(D)
All of these
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By
