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Accountancy
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English I
Economics
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Question-1
Find the odd one and state the reason
(A)
Credit sale
(B)
Discount allowed
(C)
Sales returns
(D)
Return outwards
Question-2
In capital comparison method of singe entry system, the profit or loss is ascertained by
(A)
Preparing statement of affairs
(B)
Preparing trading and profit and loss account
(C)
Preparing statement of profit and loss account
(D)
Both b and c
Question-3
To get profit, closing capital is adjusting by------------ drawing
(A)
Adding
(B)
Deducting
(C)
Dividing
(D)
Balancing
Question-4
____________ system of accounting can be adopted by people who do not have the proper knowledge of accounting principles
(A)
Single entry system
(B)
Incomplete records
(C)
Both a and b
(D)
None of these
Question-5
_________ system of accounting become difficult to convince the income tax authorities about the reliability of the computed income
(A)
Single entry
(B)
Double entry
(C)
Management accounting
(D)
Computerized accounting
Question-6
Incomplete records mechanism of book keeping is
(A)
Scientific
(B)
Unscientific
(C)
Unsystematic
(D)
Both b and c
Question-7
Cash received from debtors can be taken from_________ account
(A)
Total debtors account
(B)
Cash book
(C)
Statement of affairs
(D)
Both a and b
Question-8
____________ account is prepared to find out credit sales.
(A)
Debtors
(B)
Creditors
(C)
Sales
(D)
Purchase
Question-9
Which of the following statements is correct in respect of returns inwards?
(A)
Deducted from sale
(B)
Credited to total debtors account
(C)
None of them
(D)
Both of them
Question-10
Analysis of accounting is not possible through ______________ system of accounting
(A)
Single entry
(B)
Double entry
(C)
Cost accounting
(D)
Management
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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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