Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	In adjusting the cash balance one of the following is not taken into account:	Mistakes in the cash book Mistake in the bank statement Interest and dividends credited in the bank statement None of the abvove
2	Cash account is a:	Personal account Real account Nominal account Both real and personal account
3	The balance of the 'Caha Column' in cash book is always:	Debit balance Credit balance Both debit and credit balance None of the above
4	Loss of good by fire should be credited to:	Purchase account Sales account Loss by goods by fire account Capital account
5	Any mistake in ledger can be easily detected with the help of:	Journal  Balance sheet Trial balance Financial statement

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