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Question-1
Cash account will not be affected by
(A)
Bad debts
(B)
Cash received from customers
(C)
Discount allowed
(D)
All of the above
Question-2
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-3
Find out the odd one and state the reason
(A)
Sales account
(B)
Purchase account
(C)
Wages
(D)
Carriage outwards
Question-4
Statement of affairs is prepared to ascertain -----------
(A)
Profit
(B)
Capital
(C)
Expenses
(D)
Income
Question-5
____________ account is prepared to find out credit sales.
(A)
Debtors
(B)
Creditors
(C)
Sales
(D)
Purchase
Question-6
Incomplete records are usually maintained by----------------
(A)
Company
(B)
Government
(C)
Small traders
(D)
None of these
Question-7
Find the odd one and state reason
(A)
Credit purchase
(B)
Endorsement of bill
(C)
Returns inwards
(D)
Return to suppliers
Question-8
Cash paid to creditors + closing creditors- opening creditors = _____________
(A)
Total purchase
(B)
Cash purchase
(C)
Credit purchase
(D)
None of these
Question-9
____________ 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-10
Under------------- system real and normal aspect of each transaction is not recorded
(A)
Single entry system
(B)
Double entry system
(C)
None of these
(D)
Both 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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