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Question-1
Under sectional balancing system total bills payable accepted will be debited to which Account?
(A)
Total Debtors Account
(B)
Total creditors Account
(C)
Purchase Account
(D)
Sales Account
Question-2
Other Debtors account is opened in ____________ ledger.
(A)
Debtors ledger
(B)
Creditors Ledger
(C)
Purchase ledger
(D)
General ledger
Question-3
Identify the real Account from the following.
(A)
Capital
(B)
Drawings
(C)
Sundry debtors
(D)
Bank overdraft
Question-4
Under sectional balancing system Total discount Allowed will be credited to _________ Account.
(A)
Total Debtors Account
(B)
Total creditors Account
(C)
Purchase Account
(D)
Sales Account
Question-5
Impersonal ledger is also called as
(A)
General ledger
(B)
Creditors ledger
(C)
Debtors ledger
(D)
Sold Ledger
Question-6
Identify the items that Excluded from control Accounts.
(A)
Cash purchase
(B)
Credit sales
(C)
Credit purchase
(D)
Return inward
Question-7
Identify the real Account from the following.
(A)
Insurance
(B)
Advertisement
(C)
Sales commission
(D)
Returns
Question-8
Debtors ledger contains the ____________ accounts of the debtors to whom credit sales are effected.
(A)
Capital account
(B)
Nominal account
(C)
Personal account
(D)
Real account
Question-9
Returns are related to___________ Account.
(A)
Nominal account
(B)
Personal Account
(C)
Real Account
(D)
Debtor Account
Question-10
A _____________ ledger is one, whose balance, when extracted, form a complete trial balance.
(A)
Sectional Balancing System
(B)
Self-balancing ledger
(C)
Contra Balances of Accounts
(D)
None of these
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Plus 2 Commerce
ICSE/ISC
Practice in Related Chapters
Partnership Accounts : Distribution of Profits
Goodwill - Concept and Mode its Valuation
Partnership Accounts : Admission of Partner
Capital Adjustment of Change of Profit Sharing Ratio
Admission of a Partner
Final Accounts of Companies
Joint Stock Company Accounts: Issue of Debentures
Cost Accounting An Introduction
Joint Venture Account
Sectional Balancing and Self Balancing System
Ratio Analysis
Cost Accounting Inventory Valuation
Cash Flow Statement
Cost Accounting Cost Sheet
Cash Flow Statement
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