[{"id":58892,"question":"All cash purchases and cash sales are recorded in:","choices":[{"text":"Sales book","value":"A"},{"text":"Purchases book","value":"B"},{"text":"Both a & b","value":"C"},{"text":"Cash book","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":58891,"question":"Journal shows all necessary information regarding.","choices":[{"text":"The document","value":"A"},{"text":"A transaction","value":"B"},{"text":"The accounting","value":"C"},{"text":"Meeting","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":58890,"question":"Accounts relating to persons of firms are called:","choices":[{"text":"Real accounts","value":"A"},{"text":"Proprietary accounts","value":"B"},{"text":"Personal accounts","value":"C"},{"text":"Nominal accounts","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":58889,"question":"Events which are related with money are called:","choices":[{"text":"Monetary events","value":"A"},{"text":"Non - monetary events","value":"B"},{"text":"None-social events","value":"C"},{"text":"Political events ","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":58888,"question":"The recording of transaction chronologically in the book  of accounts is called:","choices":[{"text":"Summarizing","value":"A"},{"text":"Classifying","value":"B"},{"text":"Recording","value":"C"},{"text":"None of above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":58887,"question":"The system of recording transaction based on dual concept is called","choices":[{"text":"Double account system","value":"A"},{"text":"Double entry system","value":"B"},{"text":"Single entry system","value":"C"},{"text":"Management system","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3946,"question":"If sales return for Rs. 3,000 were incorrectly included in sales book, gross profit will be","choices":[{"text":"overstated by Rs. 3,000","value":"A"},{"text":"understated by Rs. 6,000","value":"B"},{"text":"understated by Rs. 3,000","value":"C"},{"text":"overstated by Rs. 6,000","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3945,"question":"Which account will be created in the presence of suspense account, if sales book is undercast by Rs. 500","choices":[{"text":"suspense A/c","value":"A"},{"text":"sales A/c","value":"B"},{"text":"cash A/c","value":"C"},{"text":"none of above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3944,"question":"If the error committed in the capital account, it will affect","choices":[{"text":"trading account","value":"A"},{"text":"profit & loss account","value":"B"},{"text":"trading and profit & loss account","value":"C"},{"text":"balance sheet","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3943,"question":"Any difference in trial balance is transferred to","choices":[{"text":"sales account","value":"A"},{"text":"nominal account","value":"B"},{"text":"purchases account","value":"C"},{"text":"suspense account","value":"D"},{"value":"E"}],"correctAnswer":4}]