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Accountancy
Business Studies
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English I
Economics
English II
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Question-1
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-2
Journal is the book of original entry Where as the ledger is a book of _________.
(A)
Final entry
(B)
Second entry
(C)
Both a and b
(D)
None of these
Question-3
Debit balance of personal account reflects
(A)
Creditor
(B)
Debtor
(C)
Expenses
(D)
Gain of income
Question-4
__________ is known as the principal book under double entry system.
(A)
Journal
(B)
Voucher
(C)
Final account
(D)
Ledger
Question-5
Purchase return account always show a __________ balance.
(A)
Debit
(B)
Credit
(C)
None of these
(D)
All of these
Question-6
In a Journal these are ___________ column
(A)
4
(B)
3
(C)
5
(D)
7
Question-7
Short summary of transaction is known as ___________.
(A)
Transaction
(B)
Ledger
(C)
Journal
(D)
Narration
Question-8
The record of transaction in the journal is called ________.
(A)
Posting
(B)
Journalising
(C)
Balancing
(D)
Entry
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
Trial balance can be prepared with the help of ____________.
(A)
Journal
(B)
Voucher
(C)
Ledger
(D)
All of these
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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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