Smartindia Classroom
CONTENTS
Accountancy
Business Studies
Computer Science
English I
Economics
English II
Back to home
Start Practice
Question-1
Incomplete records are usually maintained by----------------
(A)
Company
(B)
Government
(C)
Small traders
(D)
None of these
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
Capital accounts are not prepared under--------------- system
(A)
Single entry
(B)
Double entry
(C)
None of these
(D)
Both of these
Question-4
Find the odd one and state reason
(A)
Credit purchase
(B)
Endorsement of bill
(C)
Returns inwards
(D)
Return to suppliers
Question-5
Which of the following statement is correct?
(A)
Usually incomplete records are maintained by sole trader
(B)
Excess of opening capital over closing capital is loss
(C)
Incomplete records are often called as single entry
(D)
All of these
Question-6
When closing capital is more than opening capital it means-----------
(A)
Profit
(B)
Loss
(C)
Additional capital
(D)
None of these
Question-7
Incomplete records mechanism of book keeping is
(A)
Scientific
(B)
Unscientific
(C)
Unsystematic
(D)
Both b and c
Question-8
____________system of accounting is inexpensive as compared to double entry system
(A)
Single entry
(B)
Cost accounting
(C)
Management accounting
(D)
Computerized accounting
Question-9
____________ cannot keep its books under single entry system
(A)
Sole proprietor
(B)
Partnership firm
(C)
Joint stock companies
(D)
All of these
Question-10
Incomplete records of business transaction are termed as--------------
(A)
Single entry
(B)
Double entry
(C)
None of these
(D)
Both of these
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By