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Accountancy
Commerce
Economics
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Question-1
When the cheque is issued in favour of a creditors, the creditors account is _______ and the bank account is
(A)
Debited, credited
(B)
Credited, debited
(C)
None of these
(D)
All of these
Question-2
Discount allowed is a ______ to the firm.
(A)
Gain
(B)
Profit
(C)
Loss
(D)
None of these
Question-3
Both debit and credit aspects of the same transaction are recorded in the cash book, such entries are called ________ entries.
(A)
Contra
(B)
Journal
(C)
Debit
(D)
Credit
Question-4
Cash deposited into bank is recorded in the bank column of the cash book on the _______side.
(A)
Debit
(B)
Credit
(C)
None of these
(D)
Both of these.
Question-5
_________ is meant for recording all bills of exchange or promissory note received by the business form it debtors.
(A)
Bills payable
(B)
Bills receivable
(C)
Purchases returns book
(D)
Sales returns book
Question-6
When a firm maintain a cash book, it need not maintain
(A)
Journal proper
(B)
Purchases journal
(C)
Sales Journal
(D)
Bank and cash account in the ledger.
Question-7
Spot out the odd one and state reason
(A)
Cash and discount column
(B)
Bank and discount column
(C)
Cash and bank column
(D)
Cash, bank and discount column
Question-8
If petty cash contain may column for payment of expenses. It is
(A)
Analytical petty cash book
(B)
Petty column cash book
(C)
Both of these
(D)
None of these
Question-9
Journal means for specific transactions of similar nature is known as
(A)
Subsidiary books
(B)
Ledger
(C)
Special Journal
(D)
None of these
Question-10
The process of keeping separate books of original entry record the transaction of similar nature is known as
(A)
Cash book
(B)
Sub-division of journal
(C)
Journal
(D)
Ledger
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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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