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Question-1
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-2
Ledger is the book for ________ record.
(A)
Chronological
(B)
Analytical
(C)
None of these
(D)
All of these
Question-3
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-4
A person who owes another for receiving goods and Services on credit.
(A)
Debtor
(B)
Creditor
(C)
None of these
(D)
All of these
Question-5
Trial balance can be prepared with the help of ____________.
(A)
Journal
(B)
Voucher
(C)
Ledger
(D)
All of these
Question-6
Sales account will always show a ________ balance
(A)
Debit
(B)
Credit
(C)
None of these
(D)
All of these
Question-7
_________ account are those which relate to expenses in common gains, losses etc.
(A)
Personal
(B)
Real
(C)
Nominal
(D)
None of these
Question-8
__________ contains narrations.
(A)
Ledger
(B)
Journal
(C)
Final Balance
(D)
Final a/c
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
In a Journal these are ___________ column
(A)
4
(B)
3
(C)
5
(D)
7
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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