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Question-1
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-2
While balancing an account, the difference of the debit exceeds the credit, the difference is called as ______ Balance.
(A)
Credit
(B)
Debit
(C)
Nil
(D)
All of these
Question-3
________ accounts are those which are opened under the name of individual firm, company, institution etc.
(A)
Real
(B)
Nominal
(C)
Personal
(D)
None of these
Question-4
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-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
Debit balance of personal account reflects
(A)
Creditor
(B)
Debtor
(C)
Expenses
(D)
Gain of income
Question-7
The pages of ledger are numbered consecutively and called_________.
(A)
Journal folio
(B)
Ledger folio
(C)
None of these
(D)
All of these
Question-8
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-9
Purchase returns a/c is closed by writing the words _______ in particulars column on the debit side.
(A)
To Trading A/c
(B)
By Trading A/c
(C)
None of these
(D)
All of these
Question-10
Each page is a ledger is known as ___________.
(A)
Journal
(B)
Entry
(C)
Account
(D)
None of these
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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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